Standard Chartered PLC

NEW YORK--(BUSINESS WIRE)--Standard Chartered US (the “Bank”) is proud to announce that it has been named a 2026 honoree of The Civic 50® by Points of Light for the fourth consecutive year. Points of Light is the world's leading organization dedicated to increasing volunteer service. Now in its 14th year, The Civic 50® is the nation's leading corporate social impact recognition program, celebrating excellence in employee volunteering, community investment and social impact strategy. The Civic 5.

businesswire.com - 2026-06-24 12:07:00

Standard Chartered said on Tuesday it is exploring the sale of its ​wealth and retail banking business in ‌Bahrain, as the London-headquartered lender continues to focus its businesses and client segments where it has ​the greatest scale.

reuters.com - 2026-06-23 05:58:26

Standard Chartered said on Monday it favours Asia ex-Japan ​equities, particularly Taiwan and China, as ‌strong earnings prospects, AI-driven investment and easing oil-supply concerns support the region.

reuters.com - 2026-06-22 05:42:19

Citi has told clients that sharp falls in HSBC Holdings PLC (LSE:HSBA) and Standard Chartered PLC (LSE:STAN) shares appear excessive following a media report that some banks have suspended opening Hong Kong accounts for mainland Chinese customers. The pair were among a group of stocks, including Prudential and AIA that fell 5-8% on Thursday after the South China Morning Post reported on the account suspensions, a story subsequently picked up by Bloomberg.

proactiveinvestors.co.uk - 2026-06-05 07:20:25

Shares in British financial services firms with ​exposure to China fell on Thursday, ‌after a report in Chinese press said that residents of mainland China ​were facing greater constraints on ​opening offshore accounts at major Hong ⁠Kong banks.

reuters.com - 2026-06-04 07:53:52

Jamie Dimon says JPMorgan could spend up to $20 billion on a deal, but a 1994 law blocks the obvious targets.

feeds.benzinga.com - 2026-05-27 14:59:28

JPM is expanding AI across investment banking, betting on automation and AI hiring as Wall Street jobs shift toward tech-focused roles.

zacks.com - 2026-05-26 12:41:18

Bill Winters faced backlash over remarks about some of near 80,000 staff set to lose roles to AI

theguardian.com - 2026-05-22 06:51:11

Standard Chartered CEO Bill Winters apologised for the upset caused to staff by his remarks about ​artificial intelligence replacing "lower value" human workers, but stopped ‌short of retracting the comments on Friday.

reuters.com - 2026-05-22 05:21:50

Standard Chartered's CEO apologized for describing some workers as "lower-value human capital." Bill Winters' comments this week sparked a debate about companies' approach to staff in the AI age.

businessinsider.com - 2026-05-22 04:58:16

Hong Kong and Singapore regulators have sought clarity from Standard Chartered , after CEO Bill Winters said the global ​lender plans to replace "lower-value human capital" with technology, Bloomberg ‌News reported on Thursday.

reuters.com - 2026-05-21 07:18:52

Standard Chartered CEO Bill Winters walked back remarks about cutting thousands of jobs to replace workers with AI, calling his comments out of context.

foxbusiness.com - 2026-05-20 14:52:32

Standard Chartered said it plans to eliminate thousands of support roles over the next four years, joining the ranks of global lenders using artificial intelligence to trim headcount. “It's not about cost cutting," Chief Executive Officer Bill Winters said at a press briefing in Hong Kong.

youtube.com - 2026-05-20 09:22:13

“It's not cost cutting; it's replacing in some cases lower-value human capital.” Standard Chartered CEO Bill Winters delivered a blunt message on the future of the bank's workforce.

youtube.com - 2026-05-20 09:18:40

Standard Chartered CEO Bill Winters sought to assuage staff concerns on Wednesday, a day after saying that ​the bank will cut thousands of jobs over the ‌next four years as it moves to replace "lower-value human capital" with technology.

reuters.com - 2026-05-20 05:14:02

Standard Chartered is undertaking sweeping job cuts as it increases its focus on AI. The global bank announced a growth plan Tuesday (May 19) that included plans for a “reduction in corporate functions roles” of more than 15%.

pymnts.com - 2026-05-19 10:11:29

The announcement of stiff job cuts at Standard Chartered reignites fears of sweeping changes in th employment market caused by automation and widespread adoption of AI to perform tasks previously the responsibility of humans.

marketwatch.com - 2026-05-19 05:26:00

Standard Chartered PLC (LSE:STAN) has become one of the first global banks to openly tie large-scale job cuts to the rise of artificial intelligence, with chief executive Bill Winters saying automation would replace “lower-value human capital” across the business. The Asia-focused lender said it plans to cut more than 15% of roles in corporate functions by 2030 as it pushes ahead with AI adoption and wider automation efforts.

proactiveinvestors.co.uk - 2026-05-19 05:03:52

London-headquartered bank will reduce back-office jobs and aims to move some workers to new roles

theguardian.com - 2026-05-19 04:31:26

London-headquartered Standard Chartered plans to cut more than 7,000 jobs over the next four years as the lender increases the use of artificial intelligence while pursuing higher profitability and operational efficiency. The bank said on Tuesday it would reduce 15% of its corporate function roles by 2030.

invezz.com - 2026-05-19 03:00:17

Standard Chartered plans to cut more than 7,000 jobs over the next ​four years as it boosts adoption of artificial intelligence while targeting growth.

reuters.com - 2026-05-19 02:09:46

Standard Chartered cut support roles to improve productivity and returns. The lender raised profitability targets through 2030.

cnbc.com - 2026-05-19 00:33:35

Standard Chartered is targeting an 18% return on tangible equity by 2030 and plans to cut corporate-function roles as the lender seeks improved efficiency.

wsj.com - 2026-05-18 21:21:00

Standard Chartered on Tuesday raised ​its return target to more than 15% in 2028 ‌and said it plans to cut its corporate function roles by about 15% by 2030.

reuters.com - 2026-05-18 19:36:09

Standard Chartered CEO Bill Winters faces a key test on Tuesday to convince investors the bank ​can build on its long turnaround and deliver stronger growth, even as geopolitical uncertainty clouds the outlook for ‌some of its key markets.

reuters.com - 2026-05-18 13:07:34

Standard Chartered , ​on ‌Monday appointed Manus ​Costello ​as its ⁠permanent ​chief financial ​officer, succeeding Diego ​De ​Giorgi, who resigned ‌in ⁠February after nearly ​three ​years ⁠with the ​bank.

reuters.com - 2026-05-17 18:12:06

NEW YORK--(BUSINESS WIRE)--Standard Chartered Americas (the “Bank”) and the Zahn Innovation Center (“Zahn Center”) at the City College of New York (“CCNY”) today announced the winners of the 2026 Women in Tech (“WiT”) Incubator Competition. The program, now in its 12th year, serves as a practical resource for early-stage founders looking to refine their business models and build professional networks. This year's participants were led by Popped Up!, an app providing live updates and analytics f.

businesswire.com - 2026-05-08 09:45:00

Standard Chartered PLC (LSE:STAN) shares are in focus ahead of a closely watched investor day on 19 May, with JP Morgan raising its price target on the emerging markets-focused bank and flagging expectations of ambitious new profitability targets to 2028. Analyst Kian Abouhossein, who carries an overweight rating on the stock, lifted his price target to 2,220p from 2,200p after increasing earnings per share estimates by 2-3%, driven by stronger revenues and lower costs in his model.

proactiveinvestors.co.uk - 2026-05-06 10:35:51

Standard Chartered PLC is shifting from interest margin reliance to commission-based, less capital-intensive revenues, especially in Asia and Africa. Q1 2026 delivered record $5.9B revenues, 17.4% ROTE, and 32% Wealth Solutions growth, but valuation remains moderate due to geopolitical and credit risks. SCBFY's cost-to-income ratio improved to 58% and capital allocation now targets high-return core markets, supporting profitability despite global credit cycle headwinds.

seekingalpha.com - 2026-05-05 07:42:12

Standard Chartered PLC (SCBFF) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.61 per share a year ago.

zacks.com - 2026-04-30 08:11:17

The London-based bank reported a rise in first-quarter net profit, supported by the strength of its wealth services.

wsj.com - 2026-04-30 00:59:00

Standard Chartered ​said on Thursday that first-quarter pretax profit ‌climbed 17%, helped by a strong performance from its global banking and trading divisions as well as healthy ​inflows for its wealth management business.

reuters.com - 2026-04-30 00:11:32

The World Bank Group's private-sector arm, the International Finance Corporation (IFC), and Standard ​Chartered on Wednesday announced a new ‌risk-sharing facility aimed at strengthening supply chains and supporting business growth across Africa.

reuters.com - 2026-04-29 06:48:24

Standard Chartered announced on Tuesday the launch of a new ​framework that permits institutional clients to ‌use BlackRock's tokenised short-term U.S. Treasury fund as collateral on the crypto trading ​platform OKX.

reuters.com - 2026-04-28 09:21:10

Dubai, UAE, April 24, 2026 (GLOBE NEWSWIRE) -- The Ethereum based token Pepeto just confirmed that its latest presale stage cleared out in hours, a direct sign that buyer demand around the project is growing sharply. That pace alone tells you how much belief now stands behind this presale, and as the Binance listing draws closer, early round buyers keep coming back to add larger positions with each new stage. Every week that passes makes it harder to dismiss the idea that Pepeto could become the breakout token of 2026.

globenewswire.com - 2026-04-24 11:40:00