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Standard Chartered today announced that the Standard Chartered Renminbi Globalisation Index (Bloomberg: SCGRRGI <index>), or the RGI, reached 1,949 in August, up 1.4 per cent from the previous month supported by the inclusion of Seoul and Paris as two new centres. Excluding the inclusions, August was a slow month amid lingering China macro concerns, with the...
Standard Chartered is pleased to announce four recent analyst appointments that strengthen our equity research capability across the Bank’s footprint. New additions to our Industrials team In the industrials sector, Tina Li and Byun Seong-Jin joined the Bank in August. Tina leads coverage of the automotive and capital goods sectors in China. She joined Standard Chartered...
Standard Chartered has today published the latest edition of its quarterly Global Focus. The report looks at how 2014 is drawing to a close for the world economy, and what we should prepare for as we enter 2015. Marios Maratheftis, Head of Macro Research, said: “We are on track to seeing better growth in 2014...
There has never been a better opportunity for financial inclusion to succeed. The benefits are potentially huge
Standard Chartered today launched its China SME Confidence Index (SMEI). Initially launched in October 2011 as the first confidence index targeting SMEs developed by an international bank in China, SMEI has been substantially revamped in order to give a deeper understanding of the activity and sentiment among small and mid-sized Chinese companies. SMEI is designed...
The Standard Chartered Renminbi Globalisation Index, or the RGI, reached 1,911 in July, up 0.85% from the previous month and 69% year-on-year. Lacklustre index growth was a result of mild detraction of FX turnover and Renminbi deposits, which partly offset a rise in cross-border Renminbi payments. Download our report: Offshore Renminbi – Slow but steady...
Standard Chartered has raised $2.5bn through a three tranche USD Senior Bond issue. The $500m three-year floating rate tranche, $1.0bn three-year fixed rate tranche and $1.0bn five-year tranche were priced at Libor+34bps, UST+55bps and UST+75bps respectively. The total order book was over $4.5bn, with more than 150 investors participating. High quality demand came from US...
The sixth review took place in March and April 2014 and surveyed treasurers and senior treasury/finance executives from Asia, Europe and the US concerning their current and planned offshore Renminbi (RMB) activity: deposits, trade settlement, FX transactions, CNH bonds, loans, financial instruments in CNH. For the first time, users were queried on how they manage...
Standard Chartered has established a new Corporate Agency & Trust business within its Transaction Banking division by bringing together its existing services to provide a comprehensive range of agency, trust, escrow and account bank services for its clients. Leveraging Standard Chartered’s strong global network and deep local expertise across its footprint of Asia, Africa and...
Following on from its disclosure of 6th August 2014, Standard Chartered (“the Group”) announces it has reached a final settlement with the New York State Department of Financial Services (“DFS”) regarding deficiencies in the anti-money laundering transaction surveillance system at its New York branch. The system, which is separate from the sanctions screening process, is...
Standard Chartered today announced that the Standard Chartered Renminbi Globalisation Index (Bloomberg: SCGRRGI <index>), or the RGI, reached 1,888 in June, up 0.3% from the previous month and 75.8% year-on-year. Growth was the slowest in 20 months, reflecting lingering effects of the Renminbi sell-off and China slowdown from first-quarter 2014. Dim Sum bonds were the...
We’re taking action on multiple fronts as we reshape our business to maximise future growth opportunities. Operating income was down 5 per cent to $9,269 million from H1 2013 but up 4 per cent from $8,920 million in H2 2013 Profit before tax of $3,268 million was down 20 per cent from $4,088 million in...
It has been a challenging first half for us, and for the industry as a whole. But we’re taking long-term action, that will get us back to delivering sustainable, profitable growth. Find out more from our Chief Executive, Peter Sands.
Standard Chartered has appointed Henrik Raber as the Bank’s Head of Capital Markets. He will report to Mark Dowie, Acting Group Head of Financial Markets, and continues to be based in Singapore. This appointment will be effective from 16 August 2014. Henrik has a strong track record and experience in the capital markets business. He...
Standard Chartered is more than doubling its commitment to ‘Power Africa’ by increasing its pledge from USD2 billion to USD5 billion, after reaching its initial commitment in twelve months. On President Obama’s launch of Power Africa in July 2013, Standard Chartered initially committed USD2 billion. With its extended commitment, the Bank remains the largest private sector contributor...
In a recent study launched by Standard Chartered Private Bank (“the Private Bank”) in partnership with Campden Wealth Research, the Private Bank found that High Net Worth (HNW) business owners in Asia, Africa and the Middle East are highly focused on growing their businesses, and that personal wealth ambitions come second. The research has also revealed...
One of the first countries in Asia where Straight2Bank Wallet is available Standard Chartered Bank Philippines announced its partnership with G-Xchange, Inc. (GXI), a wholly-owned subsidiary of Globe Telecom, to launch Straight2Bank Wallet in the Philippines, making it one of the first countries in Asia where this service is available. The service will enable corporate...
A new special report from Standard Chartered Global Research argues that although inequality is rising in many countries, the picture is mixed. We find that income inequality likely has increased within most countries though changes in household composition and tax rules probably exaggerate the extent in developed markets (DMs) and redistribution via taxes and benefits...
Standard Chartered has appointed Michael Vrontamitis as Head of Trade, Product Management with immediate effect. In this role, Michael will be responsible for delivering the Bank’s Trade Finance capabilities in Documentary Trade, Receivables Services and Supply Chain Finance which form an integral part of the Bank’s working capital solutions offered to its clients. As Head...
We remain bullish on Europe, US and Asian equities and expect them to outperform bonds over the next year
Standard Chartered PLC along with its subsidiaries, (the “Group”) will be holding discussions with analysts and investors ahead of its close period for the half year ending 30 June 2014. This statement details the information that will be covered in those discussions. Peter Sands, Group Chief Executive, commented, “This has been a disappointing first half, with...