Standard Chartered

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Standard Chartered - Total results - 59
StanChart’s Jose Vinals predicts economic recovery led by Asia in late 2020; says most economies to suffer negative growth rates
Business

StanChart’s Jose Vinals predicts economic recovery led by Asia in late 2020; says most economies to suffer negative growth rates

StanChart's annual investor meeting was closed to shareholders in line with government restrictions to control the spread of the new coronavirus.

Standard Chartered chief warns staff against usage of Zoom and Google Hangouts for work calls
News & Analysis

Standard Chartered chief warns staff against usage of Zoom and Google Hangouts for work calls

Zoom in March had about 200 million people using its system every day, up from 10 million last year.

Amid Coronavirus outbreak, Facebook, LG, other tech firms restrict their employees' travel to China
News & Analysis

Amid Coronavirus outbreak, Facebook, LG, other tech firms restrict their employees' travel to China

Facebook said that out of an abundance of caution, we have taken steps to protect the health and safety of our employees.

Average wealth expectancy of affluent Indians is just Rs 3.6 cr; to receive Rs 93,000 per month during retirement: Report
Business

Average wealth expectancy of affluent Indians is just Rs 3.6 cr; to receive Rs 93,000 per month during retirement: Report

Wealth Expectancy Report 2019 examines the saving and investment habits of 10,000 emerging affluent, affluent and HNWIs across 10 fast-growing economies.

Hong Kong banks gird for online-only onslaught with high deposit rates, low fees, snazzy branches, fee waivers
Business

Hong Kong banks gird for online-only onslaught with high deposit rates, low fees, snazzy branches, fee waivers

The digital banks plan to begin by offering services such as savings accounts, credit cards, personal loans, foreign exchange and travel insurance.

NCLAT rejects Prashant Ruia's plea to block ArcelorMittal; approves bid for Essar Steel with modification
Business

NCLAT rejects Prashant Ruia's plea to block ArcelorMittal; approves bid for Essar Steel with modification

Essar Steel director Prashant Ruia had challenged that order saying ArcelorMittal was ineligible to bid under Section 29A of the Insolvency and Bankruptcy Code as it was associated with delinquent or loan defaulting firms.

Arcelor paying Rs 39,500 cr to acquire Essar Steel, not Rs 42,000 cr, alleges Standard Chartered counsel
Business

Arcelor paying Rs 39,500 cr to acquire Essar Steel, not Rs 42,000 cr, alleges Standard Chartered counsel

Orissa Slurry Pipeline Ltd, he said, is a separate entity owned by SREI Infrastructure and Essar Steel, and was not part of the original offer to sell Essar Steel.

Standard Chartered expected to pay just over $1 billion to resolve US, UK probes: Report
Business

Standard Chartered expected to pay just over $1 billion to resolve US, UK probes: Report

Standard Chartered has been operating under deferred prosecution agreements with US authorities since 2012

NCLAT gives conditional nod to ArcelorMittal's Rs 42,000 crore resolution plan for debt-ridden Essar Steel
Business

NCLAT gives conditional nod to ArcelorMittal's Rs 42,000 crore resolution plan for debt-ridden Essar Steel

NCLAT said there is no stay on the Resolution Professional of Essar Steel to disburse the funds among financial and operational creditors of the company

Essar Steel takeover: NCLAT refuses stay on NCLT nod to ArcelorMittal plan; seeks fresh distribution plan for bid amount
Business

Essar Steel takeover: NCLAT refuses stay on NCLT nod to ArcelorMittal plan; seeks fresh distribution plan for bid amount

Making a suggestion, the NCLAT said all operational creditors below Rs 1 crore should get 100 per cent of the dues and so should the employees of Essar Steel.

Standard Chartered suffers senior private banker exits in Asia amid growing earnings pressure
Business

Standard Chartered suffers senior private banker exits in Asia amid growing earnings pressure

Standard Chartered is bulking up for a bigger share of the Middle East market at a time when others are also expanding to tap the growing client base.

India tops as Asia's most investment savvy economy: Standard Chartered study
Business

India tops as Asia's most investment savvy economy: Standard Chartered study

India is Asia's most investment savvy economy and more than two-thirds of the country's affluent class prefer to use various investment products

PNB fraud: India's largest law firm Cyril Amarchand Mangaldas being scrutinised for concealing 'incriminating documents'
Business

PNB fraud: India's largest law firm Cyril Amarchand Mangaldas being scrutinised for concealing 'incriminating documents'

PNB in January alleged that billionaire diamond jeweller Nirav Modi and his uncle Mehul Choksi had for years fraudulently raised billions of dollars in foreign credit by conspiring with staff at the bank

DoT directs telecom operators not to accept bank guarantees issued by Standard Chartered Bank
Business

DoT directs telecom operators not to accept bank guarantees issued by Standard Chartered Bank

Standard Chartered is the second bank whose BG have been barred by DoT. The department has earlier barred BGs issued by Axis Bank for Aircel.

Barclays not exploring potential merger with rival banks including Standard Chartered, say sources
Business

Barclays not exploring potential merger with rival banks including Standard Chartered, say sources

Barclays Plc is not exploring a merger with other banks, sources said, dismissing a report that said Barclays was considering a deal with Standard Chartered

IBM and AIG partner to develop a smart insurance policy using blockchain technology
News & Analysis

IBM and AIG partner to develop a smart insurance policy using blockchain technology

A master policy is typically issued in the country where a company is headquartered, while affiliates often need coverage in other countries that impose varying rules, documentation, and payment terms.

Idea Cellular-Vodafone merger: Bankers left in the cold in $23 billion telecom deal
Business

Idea Cellular-Vodafone merger: Bankers left in the cold in $23 billion telecom deal

Bankers had been circling both sides of the telecoms mega-merger since it was first mooted late last year, when competition in the sector accelerated dramatically. In India, deals worth more than $1 billion are rare.

Vodafone merger talk: Foreign investment banks to fight for $40 million advisory fee
Business

Vodafone merger talk: Foreign investment banks to fight for $40 million advisory fee

Idea Cellular, part of India's metals to financial services Aditya Birla conglomerate, is likely to rope in StanChart and some Indian boutiques to work on the transaction

India to clock 7.4 per cent GDP growth this fiscal: StanChart
Business

India to clock 7.4 per cent GDP growth this fiscal: StanChart

The Indian economy is expected to clock a GDP growth of 7.4 per cent this fiscal largely driven by the lagged impact of a good monsoon and increased consumer spending, supported by pay commission awards, a Standard Chartered report says.