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  1. Business - Banking & Finance - EARNINGS

    Long, hard road ahead for HSBC and StanChart

    Posted Oct 20th 2014, 05:05am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com After poor first-half results and hefty US fines, crises in Africa and the Middle East dampen prospects for the two banking giants A long, hard road ahead for HSBC and StanChart Just weeks after HSBC Holdings and Standard Chartered delivered painful interim results in August- in which both bemoaned the increasing cost of regulation globally- ...

  2. Business - Banking & Finance - EARNINGS

    HSBC and StanChart pin growth hopes on rate rises

    Posted Aug 11th 2014, 03:56am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com HSBC and StanChart pin growth hopes on rate rises Sit tight, investors. That seems to be the message from Standard Chartered and HSBC Holdings after the two banks posted disappointing, albeit widely anticipated, declines in profits last week. HSBC reported a 12 per cent drop in profits before tax in the first half to US$12.3 billion. Standard ...

  3. 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 ...

  4. 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 ...

  5. No respite seen for HSBC as StanChart marches on

    Posted Mar 09th 2009, 12:00am by Staff Reporter

    ... Maria Chan Shares of HSBC Holdings and Standard Chartered took off in different directions last week after the London-based lenders reported their results for last year. HSBC posted a worse than expected 70 per cent drop in net profit, while its rival unv ...

  6. StanChart, HSBC yield to profit taking after rally

    Posted Apr 08th 2009, 12:00am by Staff Reporter

    ... Shares of Standard Chartered and HSBC Holdings fell yesterday as investors booked profit after the recent rally. Standard Chartered dropped as much as 9.85 per cent in intraday trading. It ended at HK$106.30, down 8.99 per cent, after UBS trimmed its rati ...

  7. Forecast-beating StanChart soars but analysts stay wary

    Posted Feb 28th 2008, 12:00am by Staff Reporter

    ... Maria Chan Brokers focus on outlook doubts despite record earnings Shares of Standard Chartered rose as much as 8.8 per cent yesterday after the London-based bank reported better than expected earnings, but analysts remained cautious on its prospects this ...

  8. StanChart raises mortgage rate 25bp to keep pace with rivals

    Posted Oct 03rd 2007, 12:00am by Staff Reporter

    ... Natalie Chiu Standard Chartered Bank (Hong Kong) followed its rivals to raise its mortgage rate 25 basis points to 4.75 per cent yesterday in a move to ease pressure on its margins after a recent cut in prime lending rate. The lender cut the discount to i ...

  9. StanChart seeks new staff for growth

    Posted Mar 15th 2006, 12:00am by Staff Reporter

    ... Maria Chan Standard Chartered Bank (HK) is to boost its consumer banking unit by hiring more than 100 extra staff this year. The move follows forecasts of a brighter outlook for the sector after almost five years in the doldrums. Consumer banking head Ben ...

  10. StanChart chief outlines vision

    Posted Jan 02nd 2008, 12:00am by Staff Reporter

    ... Maria Chan Hong Kong unit aims to help double profit of London parent Yesterday was Benjamin Hung Pi-cheng's first official day as the new chief executive of Standard Chartered Bank (Hong Kong), but he already has a vision: to help double the earning ...




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