• Tue
  • Jul 29, 2014
  • Updated: 4:00pm

Standard Chartered Bank

Standard Chartered is headquartered in London, but around 90 per cent of its profits come from Africa, Asia and the Middle East as of 2012. Its name is derived from the two banks from which it was formed in a merger in 1969: The Chartered Bank of India, Australia and China, and Standard Bank of British South Africa.

StanChart sues over metal fraud claims

Standard Chartered is suing Chen Jihong, the owner of a metals trading company at the centre of a loan fraud investigation on the mainland, for US$35.6 million the bank says it is owed under a loan agreement.

Tuesday, 15 July, 2014, 1:31am 1 comment

Standard Chartered hit by weakness in Asian currencies

Standard Chartered's first-quarter operating profit fell by a "high single-digit percentage", the bank said yesterday, amid weakness in emerging-market currencies and its financial markets business.

9 May 2014 - 1:14am

If StanChart doesn't want us, why keep inviting us?

We are beginning to feel that in a previous life we must have done something bad to Standard Chartered Bank. Why otherwise would they have devised the mild but persistent form of torment it annually inflicts on Lai See.

20 Jun 2013 - 3:53am 2 comments

Time to buy, StanChart tells local bargain-hunters

The time is ripe for mid-term investors to find some bargains on the local stock market, now that a significant pullback since the beginning of this year has made shares fairly cheap, Standard Chartered Bank says. 

12 Apr 2013 - 5:43am

Property firms take hit from rate rise

Shares of Hong Kong developers fell yesterday after three major banks raised mortgage rates by 25 basis points amid mounting risk in the property market.

15 Mar 2013 - 4:37am

Small banks may gain from rate wait

The latest increase in mortgage rates in more than a year may offer some small banks a rare opportunity to grab a greater market share if they continue to hold their rates for some time.

15 Mar 2013 - 5:31am

Standard Chartered keen to grow branch numbers on mainland China

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.

14 Mar 2013 - 7:47am

Sellers cut asking prices on homes as banks raise mortgage rates

From today, HSBC's best lending rate for new home loans will rise to 2.85 to 3.15 per cent, from 2.6 to 2.9 per cent. Standard Chartered has also raised rates from today.

14 Mar 2013 - 7:47am

HK marathon can be among world's best, says bank chief

The Hong Kong Amateur Athletic Association said the annual showpiece had reached bursting point with room only for 2,000 more runners this year. The total entry was a record 72,000, with nearly 7,000 failing to show. Last year, 62,300 started.

25 Feb 2013 - 8:11am 1 comment

Standard Chartered Bank clerk stole HK$2m from accounts

A former Standard Chartered Bank teller who stole over HK$2 million from depositors - after committing similar offences at another bank - was jailed for two years and eight months yesterday.

20 Feb 2013 - 4:50am

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