Standard Chartered Bank

Standard Chartered is one of Hong Kong's biggest banks. 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. Its headquarters are located in London, England.

A person walks in front of a Standard Chartered bank in London. The lender is being asked by two of the world’s biggest asset managers to buy back a stake in a Singapore company it had sold off a year ago. Photo: EPA

Standard Chartered asked to buy back stake in Singapore firm

Standard Chartered Plc, the lender trying to wind down its private-equity unit, faces pressure from two of the world’s biggest asset managers to buy back the stake in a Singaporean food company it sold them less than a year ago, people familiar with the matter said.