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.

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.

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.

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.

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

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

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

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

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.

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.
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