Tag: $Standard Chartered

Bank to eliminate more than 7,000 jobs by 2030
Raises return target to 18% in 2030

Standard Chartered’s (STAN), opens new tab full-year pretax profit rose 16% on robust performances from its global banking and wealth businesses, and longtime CEO Bill Winters signalled his intention to steer the lender through the next phase of its strategy.

Shares of the Asia-focused bank tanked as much as 17% in early deals, sparking a temporary halt in trade. The stock was around 10% lower by 11:15 a.m. London time.