Edition:
United Kingdom

Standard Chartered PLC (STAN.L)

STAN.L on London Stock Exchange

578.60GBp
22 Mar 2019
Change (% chg)

-27.80 (-4.58%)
Prev Close
606.40
Open
607.30
Day's High
607.30
Day's Low
574.30
Volume
9,361,910
Avg. Vol
5,453,615
52-wk High
787.30
52-wk Low
514.20

Latest Key Developments (Source: Significant Developments)

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

Standard Chartered Updates On Decision Notice From U.K Financial Conduct Authority
Wednesday, 20 Feb 2019 

Feb 21 (Reuters) - Standard Chartered Plc ::PROVISION IN RESPECT OF LEGACY FINANCIAL CRIME CONTROL AND FX TRADING ISSUES.RECEIVED DECISION NOTICE FROM UK FINANCIAL CONDUCT AUTHORITY'S REGULATORY DECISIONS COMMITTEE.DECISION NOTICE IMPOSES A PENALTY OF £102.2 MILLION (NET OF A 30% EARLY SETTLEMENT DISCOUNT) ON GROUP.2018 Q4 RESULTS TO INCLUDE $900 MILLION PROVISION FOR POTENTIAL PENALTIES RELATING TO US INVESTIGATION & FCA DECISION.  Full Article

Standard Chrtrd Says Carlson Tong To Be Appointed Independent Non-Executive Director
Monday, 18 Feb 2019 

Feb 18 (Reuters) - 2888.HK <2888.HK>::STANDARD CHRTRD PLC - DIRECTORATE CHANGES.STANDARD CHARTERED PLC - CARLSON TONG IS TO BE APPOINTED AN INDEPENDENT NON-EXECUTIVE DIRECTOR WITH EFFECT FROM 21 FEBRUARY 2019.STANDARD CHARTERED PLC - CARLSON WILL ALSO JOIN BOARD AUDIT, BOARD RISK AND BOARD FINANCIAL CRIME RISK COMMITTEES.STANDARD CHARTERED PLC - OM BHATT, INDEPENDENT NON-EXECUTIVE DIRECTOR, WILL STEP DOWN FROM BOARD WITH EFFECT FROM 23 FEBRUARY.STANDARD CHARTERED SAYS HAN SEUNG-SOO, AN INDEPENDENT NON-EXECUTIVE DIRECTOR, DECIDED TO RETIRE FROM BOARD WITH EFFECT FROM 23 FEBRUARY 2019.  Full Article

DFS Fines Standard Chartered Bank $40 Mln For Attempting To "Rig" Foreign Exchange Transactions
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - New York Department Of Financial Services::DFS FINES STANDARD CHARTERED BANK $40 MILLION FOR ATTEMPTING TO "RIG" FOREIGN EXCHANGE TRANSACTIONS.NEW YORK DEPARTMENT OF FINANCIAL SERVICES - STANDARD CHARTERED BANK ADMITS FAILING TO EFFECTIVELY DETER ILLEGAL TRADING ACTIVITIES BETWEEN 2007 & 2013.  Full Article

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Breakingviews - Crackdown on banks gives Hong Kong an IPO edge

HONG KONG (Reuters Breakingviews) - It may have taken a while, but Hong Kong finally showcased an investor-protection edge. The financial regulator banned UBS from leading market debuts for a year, and the Swiss bank and three of its peers will pay $100 million in fines for shoddy due diligence on initial public offerings stretching back to 2009. As bourses battle to host the next wave of unproven startups, the city’s aegis provides a bit of extra comfort.