Rishi Sunak’s government faces pressure from banks including HSBC Holdings Plc and Standard Chartered Plc, as well as other major companies in the UK, to tone down proposed restrictions on doing business with China.
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StanChart Names China CEO Jerry Zhang Co-Head of FI CoverageStandard Chartered Plc’s China Chief Executive Officer Jerry Zhang will take on a new role as global co-head of financial institutions coverage, as part of a broader reshuffle within the bank’s new corporate and investment bank.
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Don’t Count South Africa’s Economy Out Just Yet, StanChart SaysInvestors shouldn’t dismiss South Africa over its other continental peers as it has strong institutions that can buttress its economy if it focuses on accelerating growth, the head of research at Standard Chartered Bank said.
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Ambani’s Jio Financial Plans to Tap StanChart Executive as Unit CEOBillionaire Mukesh Ambani’s new financial services firm plans to tap Standard Chartered Plc’s India country manager as its chief executive officer of one of its units, according to people familiar with the matter, as it seeks to entrench itself in a nation where demand for credit is growing rapidly.
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StanChart Tells Clients Craving Oil, Copper to Beware InflationSome Standard Chartered Plc clients are increasingly favoring tangible assets like copper and oil, an approach that worries the UK bank’s chief strategist given the possibility that US interest rates might have higher to go.
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StanChart Facing £1.5 Billion Claim Over Iran Sanction BreachesStandard Chartered Plc is facing about £1.5 billion ($1.9 billion) worth of investor claims at a London trial over allegations it systematically breached Iranian sanctions to win new business.
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Sri Lanka Poised for Bondholder Deal by Mid-May, StanChart SaysSri Lanka may reach a deal with investors to restructure its $12 billion in defaulted global bonds by mid-May, according to strategists at Standard Chartered.
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