StanChart to axe 15,000 jobs, raise $5.1 billion in turnaround plan

This is part of an 'aggressive and decisive set of action' to shore up the company.  Standard Chartered said it would axe 15,000 jobs and raise $5.1 billion by selling new shares as its new......

StanChart rejigs board; CEO Sands, Asia head Bindra to leave

Overhauling its leadership team, British lender Standard Chartered Bank on Thursday announced a new global CEO and a new head for its largest market Asia, in place of incumbents Peter Sands and......

Can the new India CEO Zarin Daruwala lift fortunes of StanChart?

A veteran of 26 years with ICICI Bank, 50-year-old Daruwala resigned on November 17. As India CEO of Standard Chartered, Daruwala will report to Ajay Kanwal, regional CEO, Asean & South Asia. When......

StanChart CEO plans to cut about 1,000 top staff

Disposals also likely, clients to be cut - CEO memo to staff Standard Chartered's new Chief Executive Bill Winters plans to cut up to a quarter of the bank's most senior staff to reduce costs,......