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  • April 23, 2014
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  1. Business - Banking & Finance - BANKING

    Standard Chartered net profit declines 17pc

    Posted Mar 05th 2014, 06:51pm by KANIS LI

    ... with chief executive Peter Sands' bonus down 21 per cent. The decline came after 10 consecutive years of growth in revenue and profit, with 90 per cent of its profit earned from Asia, the Middle ... in India and South Korea. "Whether it can rebound in this year hinges on the volume growth in trade, wealth management and small and medium-sized enterprise businesses." Sands said 2013 ...

    http://www.scmp.com/business/banking-finance/article/1441031/standard-chartered-net-profit-declines-17pc
  2. Business - Banking & Finance - BANKING

    Standard Chartered keen to grow branch numbers on mainland China

    Posted Mar 14th 2013, 12:00am by KANIS LI

    ... more on the mainland on new branches and staff recruitment. Peter Sands, the chief executive of the British bank, said the mainland would be one of the drivers for the group in the coming years. For the first time last year, Standard Chartered recorded US$1 billion in income from its operation on the mainland, where it has 100 branches. Sands refused to give a specific target ...

    http://www.scmp.com/business/banking-finance/article/1190182/standard-chartered-keen-grow-branch-numbers-mainland-china
  3. Business - Banking & Finance - BANKING

    StanChart raises dividends, cuts back on top bonuses

    Posted Mar 05th 2013, 11:49am by KANIS LI

    ... Chief executive Peter Sands said the bank shrank its bonus pool to US$1.43 billion last year, down from US$1.54 billion for 2011. Bonuses for Sands and Meddings fell 10 per cent to US$3.15 ... money-laundering investigations, pre-tax profit rose 12 per cent. Net profit was up 1 per cent to US$4.79 billion. Sands said the group started well this year, with consumer banking and wholesale banking ...

    http://www.scmp.com/business/banking-finance/article/1179082/stanchart-profits-hit-record-us69b

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