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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 ...

    http://www.scmp.com/article/1014385/stanchart-first-fight-us-charges
  2. Comment - Insight & Opinion

    StanChart a victim of Pax Americana

    Posted Aug 08th 2012, 12:00am by Alex Lo

    ... come on the heels of HSBC's admission that it laundered money for Mexican drug cartels and pariah states, including Iran. New York State's financial watchdog said Stan ... against. The business of US sanctions is business, under Uncle Sam's protection. StanChart will get off with stiff fine, but nothing it cannot afford. Professional extortionists, though, must ...

    http://www.scmp.com/comment/insight-opinion/article/1014279/stanchart-victim-pax-americana
  3. StanChart charges expose absurdity of Iran sanctions

    Posted Aug 08th 2012, 12:00am

    ... in London, the drop had wiped some HK$112 billion off StanChart's market value as investors dumped the stock, afraid regulators could strip it of its New York licence. To put that fall into perspective, it is 40 times the interim profit the bank announced last week. In a statement yesterday, StanChart rejected the regulators' accusations, insisting that 99.9 per cent of its ...

    http://www.scmp.com/article/1014290/stanchart-charges-expose-absurdity-iran-sanctions
  4. StanChart aims to boost clients with yuan offerings

    Posted Aug 04th 2012, 12:00am

    ... earlier. Without giving details, she said the bank had opened yuan accounts for mainlanders in Hong Kong in the first three days since the non-resident yuan account service was launched. Stan ...

    http://www.scmp.com/article/1008479/stanchart-aims-boost-clients-yuan-offerings
  5. 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 ...

    http://www.scmp.com/article/1008339/stanchart-extends-profit-growth-run
  6. StanChart sees profit growth dipping below 10pc

    Posted Jun 28th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Standard Chartered Bank expects first-half revenue and pre-tax profit growth to drop below 10 per cent from a year ago as regional currencies weaken against the US dollar and key economies slow down. 'Local currency weakn ...

    http://www.scmp.com/article/1005252/stanchart-sees-profit-growth-dipping-below-10pc
  7. StanChart sees yuan fall against US dollar

    Posted Jun 07th 2012, 12:00am

    ... Kelvin Lau, a senior economist at StanChart, said the rate of decrease had slowed in recent months. ...

    http://www.scmp.com/article/1003273/stanchart-sees-yuan-fall-against-us-dollar
  8. 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. ...

    http://www.scmp.com/article/739917/corrections-clarifications
  9. StanChart eyes leading role in yuan

    Posted Mar 24th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Standard Chartered Bank is supporting regulators in both Britain and Hong Kong with the development of an offshore yuan business in London, says chief executive Peter Sands. 'We will play a leading role in the use of the ...

    http://www.scmp.com/article/996410/stanchart-eyes-leading-role-yuan
  10. StanChart sees record profit in HK

    Posted Mar 02nd 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Benjamin Hung, chief executive of Standard Chartered Bank Hong Kong, said the Greater China region contributed more than 31 per cent in pre-tax profits to the total group last year, with Hong Kong posting a record profit among ...

    http://www.scmp.com/article/994255/stanchart-sees-record-profit-hk

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