Standard Chartered PLC

Standard Chartered <STAN.L> is making some staff in its United Arab Emirates business redundant, a spokesman for the bank said on Wednesday.

DBS Group Ltd and Standard Chartered are leading a group of 12 other banks in Singapore to create and conduct a digital trade finance registry, to mitigate the risk of trade fraud, the two banks said in a statement on Tuesday.

Asian shares were broadly weaker Tuesday as possible delays in expanded U.S. stimulus and concerns about fresh pandemic lockdowns in Europe dented the recent positive sentiment towards global equity markets.

Asian shares extended losses for the second day on Tuesday while the dollar rose, as possible delays in expanded U.S. stimulus and concerns about fresh pandemic lockdowns in Europe knocked investor sentiment.

Shares of the biggest global banks dropped on Monday after news reports said they allowed large sums of allegedly illicit funds to move through the financial system, despite red flags about the origins of the money.

European stocks headed lower for a third straight session on Monday, hit by worries about a surge in coronavirus cases in the continent and a slide in HSBC and Standard Chartered following reports alleging the UK lenders of moving illicit funds.

A slide in HSBC and Standard Chartered shares hit the FTSE 100 on Monday as reports said they and other banks moved allegedly illicit funds over nearly two decades, while a surge in COVID-19 cases raised the spectre of another round of lockdowns.

HSBC and Standard Chartered's Hong Kong shares fell on Monday after media reports that they and other banks moved large sums of allegedly illicit funds over nearly two decades despite red flags about the origins of the money.

A Singapore oil trader has won favourable decisions from the Paris-based International Chamber of Commerce (ICC) against two banks in trade-finance disputes related to troubled Hin Leong Trading, documents reviewed by Reuters showed.

Standard Chartered said on Thursday it would merge several of its businesses and reduce the number of top executives as the Asia and Africa-focused bank seeks to trim costs and create a leaner business.

Standard Chartered is suing South Africa's Land Bank to recover debts, Land Bank said on Tuesday, after the state-owned agricultural lender defaulted on repayments for debt worth 50 billion rand (2.26 billion pounds) in April.

Standard Chartered PLC <STAN.L> on Thursday posted a 33% fall in first-half profit after credit impairment charges jumped six-fold as a result of the coronavirus pandemic, and said it would continue to keep a tight lid on costs.

Standard Chartered PLC posted a 33% fall in its first-half pre-tax profit, as the bank took hefty credit impairment charges arising from the COVID-19 pandemic and economic downturn in its main markets.

Standard Chartered has named Yazaid al-Salloom as chief executive officer of its business in Saudi Arabia, as it seeks to expand in the kingdom after getting a banking licence last year, according to an internal memo seen by Reuters.

Standard Chartered has named Yazaid al-Salloom as chief executive officer of its business in Saudi Arabia, as it seeks to expand in the kingdom after getting a banking license last year, according to an internal memo seen by Reuters.

* HK impact worries eases as more believe the law beneficial for HK - analyst

Hong Kong-listed shares of HSBC and Standard Chartered rose on Thursday after the banks backed China's imposition of a national security law on the city, even as a pro-democracy and newly formed financial workers' union criticized the move.

Standard Chartered has appointed Marc van de Walle, a senior executive from Asia-focused Bank of Singapore, as the global head of its wealth management business, which manages retail affluent clients.

Standard Chartered PLC said on Wednesday its first-quarter profit tumbled 12%, as the emerging markets-focused bank boosted provisions against bad loans as the coronavirus crisis hammers its borrowers.