Standard Chartered
| Use attributes for filter ! | |
| Web site | www.sc.com |
|---|---|
| Ceo | Bill Winters |
| Revenue | 14.7 billion USD |
| Total assets | 663. 5 billion USD (2017) |
| Founded | London |
| United Kingdom | |
| Subsidiaries | Bank Permata |
| Standard Chartered Hong Kong | |
| Official site | sc.com |
| Number of employees | 85,000 |
| Parent organizations | Standard Chartered |
| Founders | Royal charter |
| Chartered Bank of India, Australia and China | |
| Standard Bank | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 596448 |
About Standard Chartered
Standard Chartered plc is a British multinational banking and financial services company headquartered in London, England. It operates a network of more than 1,200 branches and outlets across more than 70 countries and employs around 87,000 people.
Higher interest rates help to more than double HSBC profits
... Last week, HSBC s Asia-focused rival Standard Chartered reported an unexpected plunge in its third-quarter profit due to a nearly $1bn billion combined hit from its exposure to China s real estate and banking sectors...
UK banks can withstand fresh crisis, key test finds
... The banks and building societies that have been tested include: Barclays, Lloyds, HSBC, NatWest, Santander UK, Standard Chartered, Nationwide Building Society and Virgin Money...
SVB: Banking stocks remain under pressure
... Banking group Standard Chartered dropped 1...
Cheaper clothing and fuel see inflation in the United Kingdom will fall 1. 5% in March
... Sarah Ewing, a senior economist at the Standard Chartered bank, told the BBC s Today programme: Normally, low inflation would be welcome as it is, people have to effectively spend more in the shop, but these are not normal circumstances...
Coronavirus: banks bow to the pressure and the axe shareholder payments
... Between them, Lloyds, Royal Bank of Scotland, Barclays, HSBC and Standard Chartered were expected to pay a total of £15...
Coronavirus: shares face worst week since the global financial crisis
... Mayank Mishra, a strategist at Standard Chartered Bank, added: in the past, the market some comfort in the declining infection rates in China as a result of the containment had measures earlier...
UK-Africa summit: Woos Africa to Brexit
... Razia Khan of Standard Chartered Bank, says: In the short-term, greater uncertainty weighs on prospects, although attenuated, in part, by the UK the offer of a renewal of the trade agreement for two years to deal with this uncertainty...
Yorkshire Air Ambulance withdraws Prince Andrew connection
... Standard Chartered Bank and KPMG also announced they were withdrawing support for the duke s business mentoring initiative Pitch@Palace, though sources told the BBC the decisions were made before the interview...
UK banks can withstand fresh crisis, key test finds
UK banks are strong enough to withstand a fresh economic crisis, according to The Bank of England.
In its Stress Test of the financial system, The Bank said the UK's eight largest lenders could survive a Worst Case scenario of plunging house prices, a deep recession and soaring inflation.
It also said that the country has " So Far been resilient" to rapidly rising interest rates.
But some households and firms " may struggle with repayments" on loans.
The Bank has raised interest rates from 0. 1% in December 2021 to 5% in an effort to bring down inflation. But it has lifted households' costs, including higher monthly mortgage payments.
Despite customers being under more pressure, lenders are " resilient and are strong enough to support their customers"
The Report also showed the result of a " Stress Test " on UK banks and building societies to see if they could withstand catastrophic economic conditions including house prices falling by 31%, the unemployment rate increasing to 8. 5% and inflation rising to 17%.
The Banks and building societies that have been tested include: Barclays, Lloyds, HSBC, NatWest, Santander Uk , Standard Chartered , Nationwide Building Society and Virgin Money .
Related TopicsSource of news: bbc.com
