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  1. StanChart first to fight US charges

    Posted Aug 09th 2012, 12:00am

    ... of its share price in a day. StanChart is the third big British-based bank in little more than a month to be named in a crackdown by US authorities on alleged financial misconduct, prompting ... have apologised for their failure to prevent money laundering. Unlike HSBC and Barclays, StanChart has chosen to fight back, vowing to clear its good name of allegations that it falsified ...

  2. Business - Banking & Finance - PROBE

    Deloitte chief hits back over 'diluted StanChart report'

    Posted Aug 15th 2012, 12:00am

    ... Reuters in New York Deloitte chief hits back over 'diluted StanChart report' Deloitte chief executive Joe Echevarria is fighting back against allegations that his firm helped Standard Chartered hide transactions with Iran, saying charges by the top New York state banking regulator were "distortions of the facts". The New York State Department of Financial ...

  3. StanChart extends profit-growth run

    Posted Aug 02nd 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Standard Chartered Bank will continue to invest and hire in the second half of this year, after posting record first-half profits for the 10th consecutive year. Net profit rose 12 per cent to US$2.8 billion compared with the s ...

  4. Corrections & clarifications

    Posted Mar 05th 2011, 12:00am by Staff Reporter

    ... The article 'StanChart battles high HK operating costs' on B2 published yesterday said Standard Chartered's Hong Kong unit reported a drop of 5 per cent in operating profit for 2010 compared with 2009. It should have said operating profit before taxation and impairment losses. ...

  5. StanChart still on soaraway curve, aims to continue

    Posted Mar 01st 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Standard Chartered says it is aiming for 'double-digit growth' in revenue again this year, after announcing record annual profits for the ninth consecutive year despite setbacks in two of its largest Asian markets, S ...

  6. Income target on course, says StanChart

    Posted Nov 03rd 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Standard Chartered, Britain's second-largest lender by market value, said it would stick to targeted double-digit income growth for the full year, after good revenue growth in the first nine months. At a time when many ba ...

  7. StanChart's HK chief rules out cuts

    Posted Sep 19th 2011, 12:00am

    ... May Chan may.chan@scmp.com Standard Chartered has no plans to trim its staff numbers despite lay-offs sweeping the banking sector, the bank's Hong Kong chief said. 'There is no plan to cut jobs in Hong Kong,' Benjamin Hung, executive direct ...

  8. StanChart net profit rises 20pc

    Posted Aug 04th 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Standard Chartered Bank said it would post double-digit income growth in 2011, after delivering record first-half profits- of US$2.52 billion- for the ninth year in a row. The bank said the gains were mainly due to strong grow ...

  9. Investors dump HSBC, StanChart

    Posted Jan 23rd 2010, 12:00am by Amanda Lee, Nick Westra

    ... Amanda Lee and Nick Westra HSBC Holdings and Standard Chartered were sold down yesterday after US President Barack Obama announced a plan to put limits on big banks' risk-taking and size. The Hang Seng Index plunged more than 600 points in the mornin ...

  10. Comment - Insight & Opinion

    Mafia extortion or double standard?

    Posted Dec 07th 2012, 12:00am by Alex Lo

    ... Benjamin Lawsky, first broke ranks by making incendiary money-laundering and conspiracy accusations against the bank worthy of Tom Clancy. That forced StanChart to cough up US$340 million, never ... godfathers were ready to make a move. Now they have demanded a comparable sum, for reason of face as much as anything, for the same "offences"; and StanChart can do little but comply. ...




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