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Standard Chartered Plc
Banking & finance
Standard Chartered to cut its Singapore office space by half
The London-based bank is giving up nine of the floors it leases at Marina Bay Financial Tower 1 in the business district.
April 18, 2022
Disruption and Digitalisation
StanChart and NTUC Enterprise plan Singapore digital-only bank
Standard Chartered PLC is planning its second digital-only bank in Asia, teaming up with a unit of Singapore’s biggest labor union, according to people familiar with the matter.
August 17, 2020
M&A
DBS considers joining race for Bank Permata Indonesia
SINGAPORE (Oct 10): DBS Group Holdings is considering joining the race to acquire PT Bank Permata, the Indonesian lender in which Standard Chartered Plc holds a stake, according to people familiar with the matter.
October 10, 2019
StanChart said to plan Asia split into Singapore, Hong Kong hubs
LONDON (June 6): Standard Chartered Plc plans to create two new hubs for its Asian operations in Singapore and Hong Kong to simplify the emerging market lender’s extensive network and reduce costs, people familiar with the plan said.
June 06, 2018
M&A
Barclays mulls possible merger with StanChart and even 'hypothetical combo' with DBS, reports FT
SINGAPORE (May 23): Barclays Plc has been exploring a potential merger with rival banks including Standard Chartered Plc, as part of wide-ranging contingency plans being weighed by senior board members following pressure from an activist investor, the Fin
May 23, 2018
Indonesia says investigating StanChart US$1.4 billion transfer to Singapore
JAKARTA (Reuters): Indonesia is investigating reports that US$1.4 billion ($1.9 billion) held by Standard Chartered Plc in Guernsey, mainly on behalf of Indonesian clients, was transferred to Singapore just before the island moved to new tax transparency
October 09, 2017
Commentary
How StanChart's heavier Singapore fine could look light: Bloomberg Gadfly
SINGAPORE (Dec 2): The kind that Standard Chartered Plc may have unwittingly facilitated is 86% more shameful than control lapses at DBS Group Holdings and UBS Group AG. Or so it seems from the simple arithmetic of financial penalties imposed by the Monet
December 02, 2016
Barclays private bankers defect before OCBC acquisition
(Oct 6): Standard Chartered Plc has stepped up its hiring from Barclays Plc’s private-banking team in Hong Kong ahead of the transfer of the business to Oversea-Chinese Banking Corp., in a move that underscores the stiff competition for wealth managers
October 06, 2016
At 0.4% its size, Singapore wants more phone carriers than China
SINGAPORE (Sept 2): Singapore’s population may be 0.4% the size of China’s but the tiny city-state may soon host a larger number of carriers than the world’s largest mobile-phone market.
September 02, 2016
1MDB Watch
Singapore vows tougher stance after 1MDB dents reputation
July 25 (Bloomberg): Singapore’s regulatory chief vowed stronger action to address the reputational damage caused by anti-money laundering lapses at banks in the city linked to the troubled state investment fund 1Malaysia Development Bhd.
July 25, 2016