Standard Chartered
| Use attributes for filter ! | |
| Web site | www.sc.com |
|---|---|
| Ceo | Bill Winters |
| Revenue | 14.7 billion USD |
| Total assets | 663. 5 billion USD (2017) |
| Founded | London |
| United Kingdom | |
| Subsidiaries | Bank Permata |
| Standard Chartered Hong Kong | |
| Official site | sc.com |
| Number of employees | 85,000 |
| Parent organizations | Standard Chartered |
| Founders | Royal charter |
| Chartered Bank of India, Australia and China | |
| Standard Bank | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 596448 |
About Standard Chartered
Standard Chartered plc is a British multinational banking and financial services company headquartered in London, England. It operates a network of more than 1,200 branches and outlets across more than 70 countries and employs around 87,000 people.
Higher interest rates help to more than double HSBC profits
... Last week, HSBC s Asia-focused rival Standard Chartered reported an unexpected plunge in its third-quarter profit due to a nearly $1bn billion combined hit from its exposure to China s real estate and banking sectors...
UK banks can withstand fresh crisis, key test finds
... The banks and building societies that have been tested include: Barclays, Lloyds, HSBC, NatWest, Santander UK, Standard Chartered, Nationwide Building Society and Virgin Money...
SVB: Banking stocks remain under pressure
... Banking group Standard Chartered dropped 1...
Cheaper clothing and fuel see inflation in the United Kingdom will fall 1. 5% in March
... Sarah Ewing, a senior economist at the Standard Chartered bank, told the BBC s Today programme: Normally, low inflation would be welcome as it is, people have to effectively spend more in the shop, but these are not normal circumstances...
Coronavirus: banks bow to the pressure and the axe shareholder payments
... Between them, Lloyds, Royal Bank of Scotland, Barclays, HSBC and Standard Chartered were expected to pay a total of £15...
Coronavirus: shares face worst week since the global financial crisis
... Mayank Mishra, a strategist at Standard Chartered Bank, added: in the past, the market some comfort in the declining infection rates in China as a result of the containment had measures earlier...
UK-Africa summit: Woos Africa to Brexit
... Razia Khan of Standard Chartered Bank, says: In the short-term, greater uncertainty weighs on prospects, although attenuated, in part, by the UK the offer of a renewal of the trade agreement for two years to deal with this uncertainty...
Yorkshire Air Ambulance withdraws Prince Andrew connection
... Standard Chartered Bank and KPMG also announced they were withdrawing support for the duke s business mentoring initiative Pitch@Palace, though sources told the BBC the decisions were made before the interview...
Cheaper clothing and fuel see inflation in the United Kingdom will fall 1. 5% in March
The UK's inflation rate fell to 1. 5% in March, driven largely by falls in The Price of clothing and fuel in front of the coronavirus lockdown.
The consumer price index (CPI) fell from 1. 7% in February,
clothing stores had offered more discounts than buyers began to stay At Home , it said. Falling oil prices led to cheaper petrol prices.
Economists warn of inflation slide to 0. 5% in the year 2020, while the economy shrinks.
The ONS collected the latest data, on March 17, shortly before the lockdown started on the 23. However, the head of the inflation, Mike Hardie, that there were already signs people were said to spend less in stores and more on necessities such as food.
The Agency , the prices of clothing and footwear, which had fallen said, 1. 2% in the year to March 2020.
He also said the average petrol price stood at 119. 4 pence per litre in the month, the lowest seen since February 2019, while the diesel came in at 123. To observe 8p
as to the economy, to trickle. This is a decrease of about 75% since the beginning of the year.
Sarah Ewing, a senior economist at the Standard Chartered bank, told The Bbc 's Today programme: "Normally, low inflation would be welcome as it is, people have to effectively spend more in The Shop , but these are not normal circumstances.
"the decline in inflation, in addition to the low energy prices, is an indication of the steep recession in The Coming months. "
What I need to know about the coronavirus?Meanwhile, Andrew Wishart at Capital Economics, said: "We suspect that a larger decline in the CPI inflation of 1. 5% to 0. 9% is in store for April as Ofgem [the regulator] lowers the cap on electricity bills to reflect falls in wholesale energy prices. "
He added that declining employment, consumer caution, and declining energy, would drag prices " inflation to just 0. 5% in the Second Half of this year".
'need More help'CPI below The Bank of England remains, the 2% target for inflation.
Inflation is one of the most important factors is that The Bank of England's Monetary Policy Committee (MPC) of the view, if the setting "base rate". That influences can calculate what is the interest rate banks to lend people money, or what you pay on your savings.
in case of emergency the support of the British economy in The Face of the Corona-Virus-pandemic move, as it tries to.
New head of The Bank of England Andrew Bailey has huge interest rates to a New LowThe British Central Bank brought it down to 0. 1% of 0. 25%. Interest rates are now at their lowest ever in The Bank 's 325-year history.
The Bank said it would also. their stocks increase by the UK government and corporate bonds of £200 billion in an effort to the cost of the borrowing
But Melissa Davies, chief economist at Redburn, said The Bank needs to Go Further : "It will be a volatile ride for the inflation over The Next year, in the case of negative numbers is a possibility, followed by a sharp u-turn. "
she added: "More stimulus is needed because of the limited quantitative easing from The Bank of England and the Treasury financing guarantee scheme to miss. The holiday scheme is just a delay is inevitable and a large increase in Unemployment . "
office for national statistics, uk economy, inflation, coronavirus pandemic, economics
Source of news: bbc.com
