The share price issues came after new allegations that STAN carried out transactions that violated international sanctions. This twist in the case came to light when new court documents were filed in the US alleging the bank allowed transactions worth billions of dollars for known terrorist groups such as al-Qaida and the Taliban, as well…
Read more
The complaint, brought forward by the Philippine Movement for Climate Justice, Inclusive Development International (IDI), Recourse, and BankTrack, alleges that Standard Chartered's financial activities have infringed upon the rights of the local populations. They urge the bank to compensate those impacted and enhance its governance policies related to such matters. The communities in question have…
Read more
Afterwards, Lam transfered these amounts from the payroll accounts back into his mother’s personal bank account without the knowledge or authorisation of the five customers. According to the financial markets regulator, Lam’s mother aimed to improve his performance at SCB. As a result, the bank gave Lam $4,520 as additional quarterly incentive after including in…
Read more
Gareth James, Macro COO from Standard Chartered said: We see Cobalt as being a core part of our FX operating platform, enabling Standard Chartered to reduce risk and costs by automating manual processes across the bank and therefore improving services to our clients. This investment shows our confidence in the platform and we look forward…
Read more
SuperCharger FinTech Accelerator, along with main partners, Standard Chartered Bank – also a founding member, and Fidelity International, today announced the successful outcomes of the programme enabling international growth stage companies to expand their operations within Asia. Standard Chartered Bank has initiated Proof of Concept projects with two companies: Robo-advisory for wealth management: Bambu is…
Read moreStandard Chartered is already a client of FXSpotStream and have now chosen to broaden the relationship as the eleventh liquidity provider to FXSpotStream’s clients
Read moreReuters is reporting that Standard Chartered Plc appointed Terence Gan as head of financial markets rates sales and Zhou Cheng Gang as head of RMB sales. Gan will join the bank this week in Singapore and will report to Carsten Stoehr, global head of financial markets sales. Gan recently worked with Bank of America Merill Lynch…
Read moreSome highlights from the week of August 4th - 8th Last Week's Forex Look Back! Interview: TopFX’s Paul Orford details the important factors of Prime Brokerage: https://www.leaprate.com/UBskF FXCM acquisition of FXDD US clients – $4.4 million: https://www.leaprate.com/vqgE4 Op Ed: Viewing a very different global FX landscape as 2014 passes halfway point: https://www.leaprate.com/m8KLb Investment giant BlackRock…
Read moreStandard Chartered Bank has issued a bold statement saying that by the year 2020, roughly 5 1/2 years from now, 28% of China's cross-border trade will be settled in renminbi. They have issued a glowing graphic to illustrate their prediction (see below): To note, just today China’s yuan strengthened and rose beyond the central bank’s…
Read more