Standard Chartered

Companies

Standard Chartered chief says not sure whether India will see V-shaped recovery

India's economy contracted by nearly a fourth in the June quarter as a result of the lockdowns during the early days of the pandemicBill Winters said India is 'some place in between', wherein it is not showing the V-shaped recovery like China

1 min read24 Sep 2020
News

ED imposes penalty of over ₹100 cr on Standard Chartered over FEMA violations

ED imposes penalties of ₹100 crore on StanChart, ₹17 crore on Tamil Nadu Mercantile Bank Lid and ₹35 crore on erstwhile TMBL chairmanThey were found in contravention of provisions of Foreign Exchange Management Act, 1999 in a case relating to the unauthorised allocation of shares

2 min read11 Sep 2020
Companies

Standard Chartered is fined $13.6 million in India for 2007 deal

An eight-year probe found that Standard Chartered violated the so-called foreign exchange management actStandard Chartered -- India’s largest foreign bank by branches -- also acted as a custodian for shares on the deal, according to the order

1 min read8 Sep 2020
News

HSBC, StanChart criticised for backing Hong Kong security law

HSBC investment case clouded by the outlook for Hong Kong -analystHong Kong single largest market for HSBC, Standard Chartered

2 min read4 Jun 2020
Industry

Standard Chartered Bank starts operations at Gift City

The presence in Gift City gives the bank an opportunity to expand its business in trade, lending, financial market transactions and other structured products as approved by regulators

1 min read4 Jun 2020
News

Standard Chartered Bank appoints Kusal Roy as head of retail banking

Roy has over 25 years of experience in retail banking, payments industry and the non-banking financial company (NBFC) sectorPrior to joining Standard Chartered Bank, he was the managing director and chief executive at Tata Capital Financial Services Ltd

1 min read5 May 2020
Companies

Standard Chartered chief asks staff to stay off Zoom, Google Hangouts: Report

The message was sent by Chief Executive Officer Bill Winters to managers last weekThe message also warned against using Alphabet Inc's Google Hangouts platform for virtual gatherings

2 min read15 Apr 2020
Companies

Standard Chartered faces fine for sanctions breaches

Britain's Office of Financial Sanctions Implementation is looking to impose a penalty of over $12 million on the bankThe bank agreed in April to pay $1.1 billion to US and British authorities for conducting illegal financial transactions that violated sanctions against Iran and others

1 min read17 Aug 2019
Companies

Dealmaking India tycoon Kumar Mangalam Birla hires StanChart, Goldman bankers

The conglomerate has hired Manish Dabir from Goldman to be its head of investor relationsThe billionaire’s Aditya Birla Group appointed Standard Chartered dealmaker Sandeep Agrawal as head of corporate finance

1 min read8 Aug 2019
News

Standard Chartered to pay $1.1 billion for sanctions violations

Standard Chartered says it accepts responsibility for the violations, which stopped after 2014The agreements resolve an investigation that began some five years ago into Standard Chartered's banking for Iran-controlled entities in Dubai

1 min read9 Apr 2019