Standard Chartered Bank

Bill Winters' apology for 'lower-value human' remarks not enough for unions

Winters has since apologized for his choice of words, while adding that the phrase was taken out of a wider, more nuanced context

Standard Chartered CEO apologizes for 'lower-value human' comments

Winters wrote in a LinkedIn post on Friday that he recognized his 'choice of words' has 'caused upset to some colleagues'

Standard Chartered CEO reassures staff after 'lower-value human' backlash

Bill Winters' remarks on using artificial intelligence to replace 'lower-value human capital' triggered a sharp backlash on social media

StanChart planning to lay off thousands of support staff amid AI push

London-headquartered bank said it would cut corporate functions roles by more than 15 per cent by 2030 and scale practical uses of AI to streamline processes

Standard Chartered appoints Manus Costello as new Chief Financial Officer

De Giorgi's departure in February to join Apollo Global Management Inc was unexpected for investors and analysts, who viewed him as a key figure behind the bank's cost-cutting effort

India's M&A market resilient despite global uncertainty: StanChart's Singhi

Standard Chartered's Rajesh Singhi says outbound acquisitions, financial services and EMS are driving deal activity despite geopolitical uncertainty and higher interest rates

Standard Chartered settles Sebi case for ₹57.2 lakh over FPI norms

Standard Chartered Bank settles a Sebi case for Rs 57.2 lakh over alleged lapses in reporting beneficial ownership changes and compliance with FPI regulations

Standard Chartered CFO De Giorgi unexpectedly resigns to join Apollo

De Giorgi, who joined the bank in September 2023, will take on a role at Apollo Global Management Inc. as a partner and head of Europe, the Middle East and Africa

Standard Chartered Bank won't push standalone credit cards going forward

Bank will focus on multiproduct relationships with individual clients, which is anchored in wealth solutions, and international banking

Total Environment raises ₹175 crore via India's first listed green NCD

Total Environment Resorts, a subsidiary of the Bengaluru-based developer, raises Rs 175 crore from Standard Chartered through India's first listed green NCD for a real estate firm

StanChart to focus on multi-product clients; no new branches planned

Standard Chartered India will focus on cultivating multi-product retail relationships and cross-selling to affluent clients while consolidating branches into large priority centres

AIBOC condemns unfair labour practices followed by StanChart

All India Bank Officers' Confederation (AIBOC) on Thursday strongly condemned the vindictive and illegal actions of Standard Chartered Bank (SCB) in terminating two principal office bearers and four members of the bank union. These officials were part of the Association of Standard Chartered Bank Officers' Kolkata (ASCBO), and their termination was on the false pretext of 'redundancy', AIBOC claimed in a statement. Those arbitrarily terminated include Satyajeet Tripathy, General Secretary of ASCBO, Tilottama Roy, president of ASCBO, and four other active members of the union, it said. Their services were terminated with immediate effect, and dues were forcibly settled without due process or dialogue, it claimed. This brazen action has been carried out during the pendency of industrial disputes before the Central Industrial Tribunal and Labour Court, in clear violation of Section 33 of the Industrial Disputes Act, 1947, it said. The law explicitly prohibits changes in service ...

Standard Chartered backs flexibility as Wall Street tightens office return

While Wall Street rivals like JPMorgan and HSBC mandate in-office work, British multinational bank Standard Chartered is sticking with hybrid flexibility to retain talent

Standard Chartered hit with $2.7 bn lawsuit over 1MDB money laundering

The claimants allege that Standard Chartered Bank permitted more than 100 intrabank transfers between 2009 and 2013 that helped to conceal the flow of stolen funds

StanChart boosts private credit presence with 3 new hires in India

StanChart recently hired former UBS Group AG's Ankit Raghav as director for its leveraged and acquisition finance, and private credit team

Standard Chartered raises 1 bn euro via social bond, commits 50% for India

Standard Chartered has raised 1 billion euro (about Rs 9,400 crore) through issuance of the first social bond which will support sustainable development projects across the bank's emerging market footprint, including India. The 8-year bond will primarily facilitate lending to small and medium sized enterprises (SMEs), ensuring access to finance, helping create jobs and empowering and nurturing women-owned SMEs, StanChart said in a statement on Friday. Of the total, about 50 per cent would be allocated for India for sustainable projects. Proceeds will also finance access to essential services including healthcare and education, and will facilitate investment into affordable basic infrastructure and food security, in line with the social activities set out in the bank's Sustainability Bond Framework, it said. The top five countries where StanChart's social assets are located include India (57 per cent), Malaysia (10 per cent), Bangladesh (6 per cent), Mainland China (5 per cent), and

PD Singh to succeed Zarin Daruwala as Standard Chartered India CEO

The tenure would be effective April 1

StanChart appoints former South African bank CEO Ramos as new chair

Ramos, 65, joined StanChart's board as an independent non-executive director in January 2021 and was the head of South African bank ABSA Group Ltd from 2009 to 2019

StanChart names ex-JPMorgan chief PD Singh as India, South Asia CEO nominee

If approved, P D Singh will succeed Zarin Daruwala, who is set to retire on April 1, 2025, after nearly a decade in the role

Standard Chartered leads as dollar settlement bank in India's GIFT city

A settlement bank is traditionally responsible for processing trades, dealing with everything from the exchange of payment from buyer to seller and the transfer of securities.