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Standard Chartered PLC (STAN.L)

STAN.L on London Stock Exchange

718.40GBp
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-2.80 (-0.39%)
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721.20
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Latest Key Developments (Source: Significant Developments)

Standard Chartered 2019 Remuneration Report Approved By Shareholders
Wednesday, 8 May 2019 

Standard Chartered PLC ::STANDARD CHARTERED SEES 36 PERCENT OF VOTES CAST AGAINST BANK'S DIRECTORS 2019 REMUNERATION REPORT.STANDARD CHARTERED 2019 REMUNERATION REPORT APPROVED BY SHAREHOLDERS.  Full Article

Standard Chartered pays $1.08 bln in fines to settle Iran investigations
Tuesday, 9 Apr 2019 

April 9 (Reuters) - Standard Chartered Plc ::STANDARD CHRTRD PLC - STANCHART RESOLVES LEGACY US AND UK INVESTIGATIONS.STANDARD CHARTERED - GROUP WILL PAY A TOTAL OF $947 MILLION IN MONETARY PENALTIES TO U.S. AGENCIES AND 102 MILLION pounds ($133.21 million) TO FCA.STANDARD CHARTERED - TOOK $900 MILLION PROVISION WHICH INCLUDED MATTERS IN Q4 2018 AND WILL TAKE FURTHER AND FINAL CHARGE OF $190 MILLION IN Q1 2019.STANDARD CHARTERED - DEFERRED PROSECUTION AGREEMENTS WITH DOJ AND DANY HAVE BEEN EXTENDED TO 9 APRIL 2021.GROUP ACCEPTS FULL RESPONSIBILITY FOR VIOLATIONS AND CONTROL DEFICIENCIES OUTLINED IN RESOLUTION DOCUMENTS, VAST MAJORITY OF WHICH PREDATED 2012 AND NONE OF WHICH OCCURRED AFTER 2014..RESOLUTION DOCUMENTS RECOGNISE THAT GROUP HAS UNDERGONE A COMPREHENSIVE AND POSITIVE TRANSFORMATION SINCE CONDUCT AND CONTROL ISSUES OUTLINED IN RESOLUTIONS OCCURRED AND FCA AND U.S. AGENCIES HAVE COMMENTED FAVOURABLY ON GROUP'S REMEDIATION EFFORTS.  Full Article

Standard Chartered enters amended deferred prosecution agreement
Tuesday, 9 Apr 2019 

April 9 (Reuters) - Standard chartered agrees to enter amended deferred prosecution agreement, under which it will forfeit an additional $240 mln and pay a $480 mln monetary penalty -- court filing:.  Full Article

SC Ventures Launches SC Ventures FinTech Bridge
Monday, 18 Mar 2019 

March 18 (Reuters) - 2888.HK <2888.HK>::SC VENTURES LAUNCHES SC VENTURES FINTECH BRIDGE.SC VENTURES, FINTECH INVESTMENTS UNIT OF STANCHART, SAYS CREATED PLATFORM TO CONNECT START-UPS, INVESTORS AND ACCELERATORS TO THE BANK.  Full Article

Hong Kong SFC Reprimands And Fines Standard Chartered Securities For Sponsor Failures
Thursday, 14 Mar 2019 

March 14 (Reuters) - Hong Kong Securities and Futures Commission:HONG KONG SFC SAYS IT REPRIMANDS AND FINES STANDARD CHARTERED SECURITIES HK$59.7 MILLION ($7.61 million) FOR SPONSOR FAILURES.  Full Article

Standard Chartered To Set Up A Digital SME Platform In India
Thursday, 14 Mar 2019 

March 14 (Reuters) - Standard Chartered Plc::STANDARD CHARTERED TO SET UP A DIGITAL SME PLATFORM IN INDIA.  Full Article

StanChart UK gender pay gap increases 2pct in 2018
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - Standard Chartered PLC ::STANDARD CHARTERED MEAN HOURLY PAY GAP IN THE UK HAS INCREASED FROM 30 PER CENT IN 2017 TO 32 PER CENT IN 2018.STANCHART MEAN BONUS PAY GAP HAS DECREASED FROM 57 PER CENT IN 2017 TO 49 PER CENT IN 2018..  Full Article

Standard Chartered CEO Bill Winters 2018 Pay 5.95 mln Stg, Up 27 Percent
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - Standard Chartered PLC ::STANDARD CHARTERED 2018 BONUS POOL RISES 3 PERCENT TO $1,179 MILLION.STANDARD CHARTERED CEO BILL WINTERS 2018 PAY 5.95 MILLION STG, UP 27 PERCENT.STANDARD CHARTERED CEO BILL WINTERS BASE SALARY TO INCREASE 3 PERCENT IN 2019 TO 2.37 MILLION STG.  Full Article

Standard Chartered Posts FY Statutory Profit Before Taxation Of $2.55 Bln
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - Standard Chartered Plc ::AS AT DEC-END COMMON EQUITY TIER 1 RATIO 14.2 PERCENT VERSUS 14.5 PERCENT AS AT SEPT 30.FY UNDERLYING PROFIT BEFORE TAXATION $3,857 MILLION VERSUS $3,010 MILLION.FY STATUTORY PROFIT BEFORE TAXATION $ 2,548 MILLION VERSUS $2,415 MILLION.RECOMMENDED A FINAL DIVIDEND OF 15 CENTS PER ORDINARY SHARE.FY UNDERLYING OPERATING INCOME $14,968 MILLION VERSUS $14,289 MILLION.FY NET INTEREST MARGIN 1.58 PERCENT VERSUS 1.55 PERCENT.FY STATUTORY OPERATING INCOME $ 14,789 MILLION VERSUS $14,425 MILLION.RETURN ON TANGIBLE EQUITY TARGETED TO BE AT LEAST 10% BY 2021.FY NET INTEREST INCOME INCREASED 8% AND NET INTEREST MARGIN IMPROVED 3 BASIS POINTS TO 1.58%.FY UNDERLYING ROE 4.6% PERCENT VERSUS 3.5 PERCENT.INTEND TO DISTRIBUTE TO SHAREHOLDERS SURPLUS CAPITAL THAT IS NOT DEPLOYED TO FUND ADDITIONAL GROWTH.SEES "SIGNIFICANT IMPROVEMENT IN PROFITABILITY DRIVEN BY HIGHER QUALITY INCOME GROWTH WITH COST AND ASSET ORIGINATION DISCIPLINE".CAUTIOUSLY OPTIMISTIC ON GLOBAL MACROECONOMIC ENVIRONMENT.FY UK BANK LEVY WAS $324M; IN 2021 IT WILL BE CHARGEABLE ON ONLY GROUP'S UK BALANCE SHEET.RETURN ON TANGIBLE EQUITY TARGETED TO BE AT LEAST 10% BY 2021."SOLID START TO 2019, ALTHOUGH DOWN SLIGHTLY COMPARED TO 2018 DUE TO STRONGER USD AND BUOYANT CONDITIONS LAST YEAR IN WM AND FM".EXPECTS TO INCUR FURTHER $500 MILLION OF RESTRUCTURING CHARGES OVER NEXT 3 YEARS IN ORDER TO EXECUTE REFRESHED PRIORITIES.  Full Article

Standard Chartered Says 2019-2021 Income Growth Target Of 5-7 Pct
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - Standard Chartered Plc ::OVER 2019-2021 COST GROWTH EXPECTED TO REMAIN BELOW RATE OF INFLATION.TARGETS 2019-2021 GROSS AGGREGATE COST REDUCTION OF $700M.FOR 2019-2021 INCOME GROWTH TARGET OF 5-7 PER CENT, UNDERPINNED BY A CONTINUED FOCUS ON CONTROLLING RISK.ORDINARY DIVIDEND PER SHARE HAS POTENTIAL TO DOUBLE BY 2021.2019-2021 TARGET CET1 RATIO RANGE OF BETWEEN 13-14 PER CENT.INTEND TO DISTRIBUTE TO SHAREHOLDERS SURPLUS CAPITAL THAT IS NOT DEPLOYED TO FUND ADDITIONAL GROWTH.ELIMINATE RESIDUAL DRAGS ON RETURNS FROM LOW-RETURNING MARKETS, INCLUDING INDIA, KOREA, UAE AND INDONESIA.STANDARD CHARTERED GROUP CHIEF EXECUTIVE BILL WINTERS EXPECTS TO DELIVER A DOUBLE-DIGIT RETURN ON TANGIBLE EQUITY BY 2021.PRIORITIES FOR 2019-2021 INCLUDE ELIMINATING "RESIDUAL DRAGS ON RETURNS" FROM INDIA, KOREA, UAE AND INDONESIA.  Full Article

PRESS DIGEST- Financial Times - July 17

July 17 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.