Edition:
United Kingdom

Standard Chartered PLC (STAN.L)

STAN.L on London Stock Exchange

623.70GBp
18 Jan 2019
Change (% chg)

20.70 (+3.43%)
Prev Close
603.00
Open
608.00
Day's High
628.10
Day's Low
607.80
Volume
6,207,324
Avg. Vol
6,603,918
52-wk High
864.20
52-wk Low
514.20

Latest Key Developments (Source: Significant Developments)

UK's Standard Chartered Lays Off Over 500 Staff Members In India - CNBC-TV18
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - :UK'S STANDARD CHARTERED LAYS OFF OVER 500 STAFF MEMBERS IN INDIA - CNBC-TV18, CITING SOURCES.  Full Article

Standard Chartered Weighing A Simpler Structure To Control Costs- Bloomberg
Monday, 26 Nov 2018 

Nov 26 (Reuters) - :STANDARD CHARTERED WEIGHING A SIMPLER STRUCTURE TO CONTROL COSTS- BLOOMBERG, CITING SOURCES.  Full Article

Standard Chartered Drawing Up Plans To Buy Back Shares For First Time In A Generation - FT
Thursday, 22 Nov 2018 

Nov 22 (Reuters) - :STANDARD CHARTERED DRAWING UP PLANS TO BUY BACK SHARES FOR FIRST TIME IN A GENERATION - FT.  Full Article

Standard Chartered Announces Expiration Of DFS Monitorship
Wednesday, 21 Nov 2018 

Nov 21 (Reuters) - Standard Chartered Plc::STANDARD CHRTRD PLC - EXPIRATION OF DFS MONITORSHIP.STANDARD CHARTERED PLC - TERM OF MONITORSHIP APPOINTED BY NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES ("DFS") WILL EXPIRE ON 31 DECEMBER 2018.STANDARD CHARTERED - ORDER DOES NOT AFFECT STATUS OF INVESTIGATION INTO US SANCTIONS COMPLIANCE AS DISCLOSED IN GROUP'S ANNUAL AND HALF-YEAR REPORTS.  Full Article

StanChart says still progressing Saudi Arabia bank license application
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Standard Chartered PLC ::STANCHART CFO SAYS NEW STRATEGY TO BE ANNOUNCED IN FEBRUARY 2019 WILL HAVE "SOME IMPACT" ON JOBS.STANDARD CHARTERED CFO SAYS SAUDI ARABIA BANK LICENSE APPLICATION IS STILL PROGRESSING.STANCHART CFO SAYS "WE HAVE TAKEN ACCOUNT OF RECENT EVENTS" REGARDING MURDER OF KASHOGGI, BUT LICENSE APPLICATION CONTINUES.  Full Article

Standard Chartered Says 9-Mth Underlying Profit Before Tax Of $3.4 Bln
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Standard Chartered Plc ::9-MONTH UNDERLYING PROFIT BEFORE TAX OF $3.4BN WAS UP $0.7BN OR 25% REFLECTING FOCUS ON IMPROVING RETURNS.9-MONTH STATUTORY PROFIT BEFORE TAX ALSO $3.4BN INCLUDED RESTRUCTURING AND OTHER ITEMS OF $17M.9-MONTH ROE IMPROVED A FURTHER 150BPS TO 6.6% AND ROTE A FURTHER 180BPS TO 7.5%.9-MONTH NET INTEREST INCOME GREW 10%.9-MONTH OPERATING EXPENSES OF $7.6BN WERE 5% HIGHER YOY.CET1 RATIO OF 14.5% WAS UP 28BPS AT QUARTER END.9-MONTH CREDIT IMPAIRMENT OF $408M REDUCED 56%.Q3 INCOME WAS UP 4% YOY AND DOWN 1% QOQ PRIMARILY IMPACTED BY AME REGION.WE REMAIN CAUTIOUSLY OPTIMISTIC ON GLOBAL ECONOMIC GROWTH.OPERATING EXPENSES IN H2 18 EX-UK BANK LEVY STILL EXPECTED TO BE SIMILAR TO H1 18.REMAIN CONFIDENT TO GENERATE RETURNS IN EXCESS OF 10 PER CENT.EXPECTS TO CONTINUE TO BENEFIT FROM RISES IN GLOBAL INTEREST RATES AS MONETARY POLICY NORMALISES."CLOSER TO RETURN TARGETS SET OUT FOR 2018 DESPITE SLOWER GLOBAL ECONOMIC GROWTH".GROUP'S ESTIMATE OF ITS KNOWN MINIMUM CET1 REQUIREMENT IN 2019 REDUCED BY 10 BASIS POINTS TO 10.0 PER CENT.EXPECTED 2022 MINIMUM REQUIREMENT FOR OWN FUNDS & ELIGIBLE LIABILITIES INCLUDING COMBINED BUFFER BY REDUCED 30 BPS TO 25.7 PERCENT.  Full Article

StanChart Announces Tightened Environmental Lending Criteria
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Standard Chartered PLC ::STANDARD CHARTERED ANNOUNCES TIGHTENED ENVIRONMENTAL AND SOCIAL LENDING CRITERIA INCLUDING NO FINANCING FOR ANIMAL TESTING.StanChart says new commitments also include:.not financing operations that grow, process or trade soy from the Brazilian Amazon and Cerrado.not financing asbestos mines and mines that conduct Appalachian mountaintop removal.not providing financial services to clients who conduct testing on animals for cosmetic or personal care products.only providing financial services to agri-business clients who use cage-free or crate-free production systems for livestock.only providing financial services to shipping clients that have an Inventory of Hazardous Materials (“IHM”) for new vessels.  Full Article

Standard Chartered Says UK Bank Levy Estimated To Be Around $310 Mln
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Standard Chartered Plc ::EXPENSES IN SECOND HALF OF 2018 EXCLUDING UK BANK LEVY ARE EXPECTED TO BE SIMILAR TO FIRST HALF OF YEAR.UK BANK LEVY IS CHARGED IN DECEMBER & ESTIMATED TO BE AROUND $310 MILLION.REMAINS VIGILANT IN RELATION TO THE IMPACT OF CURRENT AND POTENTIAL FURTHER TRADE TARIFFS INTRODUCED BY CHINA, THE US AND THE EU.  Full Article

Standard Chartered HY Underlying Profit Before Tax $2.4 Bln, Up 23 pct
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Standard Chartered Plc ::HY UNDERLYING PROFIT BEFORE TAX OF $2.4 BLN WAS UP 23%.HY OPERATING INCOME OF $7.6 BLN WAS UP 6%.AT HALF-YEAR END, COMMON EQUITY TIER 1 RATIO 14.2%.HY STATUTORY PROFIT BEFORE TAX OF $2.3 BLN.HY CREDIT IMPAIRMENT OF $293 MILLION WAS 50% LOWER YEAR-ON-YEAR.HY OPERATING EXPENSES ROSE 7% TO $5.1 BLN.HY NET RESTRUCTURING CHARGES OF $79 MILLION RELATED PRIMARILY TO PRINCIPAL FINANCE AND ONGOING REDUCTION OF LIQUIDATION PORTFOLIO."MACROECONOMIC ENVIRONMENT...CHALLENGED BY INCREASING UNCERTAINTY RESULTING FROM ESCALATING TRADE FRICTIONS AND GEOPOLITICAL RISKS".INTERIM DIVIDEND RESUMED AT 6 CENTS PER SHARE.REMAINS CAUTIOUSLY OPTIMISTIC ON GLOBAL ECONOMIC GROWTH.CONTINUE TO EXPECT THAT EXPENSES WILL GROW BELOW INFLATION OVER MEDIUM TERM."REMAIN CONFIDENT THE STRATEGY WILL DELIVER A RETURN ON EQUITY GREATER THAN 8% IN THE MEDIUM TERM".IN HY, ROE IMPROVED 150 BASIS POINTS TO 6.7 PERCENT.  Full Article

Standard Chartered Private Equity To Buy Naspers' Stake In India's TBO Group
Wednesday, 18 Jul 2018 

July 18 (Reuters) - :STANDARD CHARTERED PRIVATE EQUITY TO ACQUIRE NASPERS' STAKE IN INDIA'S TBO GROUP.  Full Article

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British banks soldier on through enduring Brexit impasse

LONDON British banks swerved heavy share price losses in early trading on Wednesday, hours after a parliamentary vote on Prime Minister Theresa May's Brexit deal returned the most blistering defeat for a UK government in almost a century.