SCB, Your CCB Bank ;)

[Leckmichamarsch]

[h=1]Standard Chartered cuts Dubai sales and trading jobs [/h]Standard Chartered cut 11 sales and trading jobs in Dubai, including four managing director roles, according to two people with knowledge of the matter.

Bloomberg News reports that Standard Chartered has 'acted to reduce management layers at a global level, and as a result, will have up to 25% fewer senior staff', the bank said in e-mailed response to questions Tuesday. The group’s new structure will be effective from January 1 and 'changes are still work in progress, we are not in a position to provide details', it said.
Bloomberg reported earlier this month that the bank unveiled 15,000 job losses to help save $2.9 billion by 2018.


Standard Chartered will also restructure or exit $100 billion of assets after it reported an unexpected third-quarter loss of $139 million, compared with a profit of $1.5 billion a year earlier.

the rot started with hiring of too many f trashes w fake degrees esp ah neh snakes

 

[scbccb]

StanChart chairman defends bonuses against investor criticism

Standard Chartered probing bankers’ expenses, personal loans

 

[scbccb]

3 value stocks near 52-week lows: Standard Chartered plc

StanChart slides as Jefferies cuts target price, lowers guidance

 

[scbccb]

StanChart here 'has strong Singaporean core': Lim Swee Say

Standard Chartered on track to meet $1bn cost-cutting target



Standard Chartered Aims to Double Pakistan Profit on Loan Demand

Standard Chartered to hire almost 1000 people to build up retail lending segment

 

[halsey02]

the rot started with hiring of too many f trashes w fake degrees esp ah neh snakes

This goes back to 1984...when SCB started their first " attrition" exercise in sinktothecore.......they got rid or 300 staff in their retrenchment & many more followed by attrition....it was definitely more than 300. It was from this period they started taking in large number of Malaysians...& later, you step, into SCB...you thought, you were in their Branches in Delhi, Mumbai or Kolkata...& it was Standard Charted of India...etc..

 

[halsey02]

StanChart here 'has strong Singaporean core': Lim Swee Say

Standard Chartered on track to meet $1bn cost-cutting target



Standard Chartered Aims to Double Pakistan Profit on Loan Demand

Standard Chartered to hire almost 1000 people to build up retail lending segment

If you believe this clown....you can believe a rock would walk 1,000 km.

 

[scbccb]

7 hedge funds file lawsuit against Castex & StanChart in the UK court of justice

 

[KimLeng]

My doppelganger rues the effects of Brexit.

Undeterred By Refinery Losses, Standard Chartered Doubles Down On Energy

UK lending giant Standard Chartered Plc announced on Wednesday that it had increased the amount of loans to oil refineries by 24 percent as of the end of June over 2015 levels.

Hedge funds clash with Standard Chartered at High Court

An attempt by Standard Chartered Bank to legally distance itself from a trial set to examine allegations of multi-million dollar share manipulation has failed at the High Court in London.

 

[KimLeng]

Same old same old according to my doppelganger

The FTSE 100 Index fell 24.1 points to 6855.3, after analysts at Barclays cut its rating on Standard Chartered to 'underweight' from 'equal weight'. The FTSE 250 Index edged up 13 points to 18039.

A case before the U.K.’s High Court of Justice could cast a chill over the ASCOT market, and we don’t mean betting at the British racecourse. In early August it was revealed that seven Cayman Islands–based hedge funds — Arrowgrass Master Fund, Basso Holdings, Highbridge International, Northwest Fund, Northwest Warrant Fund, Pine River Asia Master Fund and Pine River Master Fund — had sued British bank Standard Chartered. The complainants allege they were party to convertible bonds that were converted to shares based on fraudulent prices, leaving them stuck with virtually worthless stock.

At the center of the London lawsuit is an Indian company named Castex Technologies, which manufactures parts for that country’s automakers. In 2012, Castex issued $130 million worth of convertible bonds underwritten by Standard Chartered. The hedge funds in the suit bought asset swapped convertible option transaction, or ASCOT, bonds, effectively a call option on the convertibles.

 

[KimLeng]

London bridge is falling down hopefully not on my doppelganger

GE Declined to Renew Contracts Linked to Power Firm at Center of U.S. Probe of Standard Chartered


Standard Chartered shares slump amid fears over US bribery probe

 

[winnipegjets]

SCB owned by Temasick?

 

[Leckmichamarsch]

This goes back to 1984...when SCB started their first " attrition" exercise in sinktothecore.......they got rid or 300 staff in their retrenchment & many more followed by attrition....it was definitely more than 300. It was from this period they started taking in large number of Malaysians...& later, you step, into SCB...you thought, you were in their Branches in Delhi, Mumbai or Kolkata...& it was Standard Charted of India...etc..

I was in SC marine parade........... funny to see no ah neh ..........I saw many moths ago
instead lots of new sgian rookies.......... believe mgmt finally realised tha ah neh is full of shiy and cost more fo their fake degrees hs the damahe been done deep enuf??
but new staff under hugh pressure to sell fin products...........

 

[Leckmichamarsch]

If you believe this clown....you can believe a rock would walk 1,000 km.

yes .. he steals toothpicks

 

[KimLeng]

Strange days ahead for my doppelganger

Standard Chartered Plc has stepped up its hiring from Barclays Plc's private-banking team in Hong Kong ahead of the transfer of the business to Oversea-Chinese Banking Corp, in a move that underscores the stiff competition for wealth managers in Asia.

The exodus from Barclays, which agreed in April to sell its private-banking operations in Hong Kong and Singapore to OCBC for about US$320 million, highlights the demand for experienced wealth managers in Asia that's pushing costs higher.

Barclays Plc is cutting about 100 jobs from its information technology operation in Singapore as part of moves to reduce costs, according to people with knowledge of the matter. Some of the Singapore positions will move to India, said the people, who asked not to be identified as the information is not public. In a statement, Barclays confirmed it is in the process of cutting jobs in Singapore, but declined to say the number of people affected.

 

[KimLeng]

The good news ... followed by the moonwalking news for my doppelganger.

Stanchart to get $2.9b repayment from Essar

The lender is set to receive a US$2.1 billion (S$2.91 billion) repayment in the next few weeks from Essar Global, the steel-to-power conglomerate that has been one of its most problematic borrowers in the country, people with knowledge of the matter said.

Standard Chartered Bank may have to take a haircut on its exposure of more than $3 billion in Essar Global, the group holding company , while the Indian lenders will get their money in full when the Ruias repay their debt to lenders from money raised by selling 98% in Essar OilBSE -0.15 % to Russain oil giant Rosneft and two other investors.

Standard Chartered may have to take a hit of up to $750 million on its exposure. The bank, however, avoided responding directly. “We continue to make good progress on our liquidation book. We won't comment on any specific exposures in the book, and will provide any further updates as necessary ,“ a Standard Chartered spokesperson said in response to an emailed questionnaire.

StanChart's Buyout Fund Retreat Explained Through One Soured Bet