Standard Chartered photograph

Standard Chartered

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Web site www.sc.com
Ceo Bill Winters
Revenue14.7 billion USD
Total assets663. 5 billion USD (2017)
FoundedLondon
United Kingdom
Subsidiaries Bank Permata
Standard Chartered Hong Kong
Official site sc.com
Number of employees85,000
Parent organizations Standard Chartered
FoundersRoyal charter
Chartered Bank of India, Australia and China
Standard Bank
Date of Reg.
Date of Upd.
ID596448
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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

Higher interest rates help to more than double HSBC profits
Oct 30,2023 2:51 am

... 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

UK banks can withstand fresh crisis, key test finds
Jul 12,2023 3:31 am

... 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

SVB: Banking stocks remain under pressure
Mar 14,2023 7:30 am

... Banking group Standard Chartered dropped 1...

Cheaper clothing and fuel see inflation in the United Kingdom will fall 1. 5% in March

Cheaper clothing and fuel see inflation in the United Kingdom will fall 1. 5% in March
Apr 22,2020 12:35 pm

... 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

Coronavirus: banks bow to the pressure and the axe shareholder payments
Apr 18,2020 6:42 pm

... 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

Coronavirus: shares face worst week since the global financial crisis
Feb 28,2020 5:19 am

... 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

UK-Africa summit: Woos Africa to Brexit
Feb 16,2020 10:17 am

... 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

Yorkshire Air Ambulance withdraws Prince Andrew connection
Feb 16,2020 8:36 am

... 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...

UK banks can withstand fresh crisis, key test finds

Feb 16,2020 8:28 am

UK banks are strong enough to withstand a fresh economic crisis, according to The Bank of England.

In its Stress Test of the financial system, The Bank said the UK's eight largest lenders could survive a Worst Case scenario of plunging house prices, a deep recession and soaring inflation.

It also said that the country has " So Far been resilient" to rapidly rising interest rates.

But some households and firms " may struggle with repayments" on loans.

The Bank has raised interest rates from 0. 1% in December 2021 to 5% in an effort to bring down inflation. But it has lifted households' costs, including higher monthly mortgage payments.

Despite customers being under more pressure, lenders are " resilient and are strong enough to support their customers"

The Report also showed the result of a " Stress Test " on UK banks and building societies to see if they could withstand catastrophic economic conditions including house prices falling by 31%, the unemployment rate increasing to 8. 5% and inflation rising to 17%.

The Banks and building societies that have been tested include: Barclays, Lloyds, HSBC, NatWest, Santander Uk , Standard Chartered , Nationwide Building Society and Virgin Money .

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Source of news: bbc.com

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