Domestic banks to pay bulk of £2bn levy
Britain’s biggest banks are set to pay the vast bulk of a new £2bn-per-year levy announced in Tuesday’s Budget, with as little as a quarter coming from building societies and foreign institutions, the...
View ArticleVedanta finalises Cairn India stake
Vedanta Resources, India’s largest mining company, was on Sunday night finalising a plan to take a 51% stake in Cairn India, a subsidiary of UK oil explorer Cairn Energy, reports the FT. An...
View ArticleDubai to sell $1bn in bonds
Dubai plans to tap international capital markets as early as next week with its first bond issue since the Gulf emirate’s debt standstill last November, reports the FT. The Dubai government plans to...
View ArticleStanChart launches £3bn rights issue
Standard Chartered on Wednesday announced plans for a fully underwritten £3.3bn ($5.2bn) rights issue in an effort to buttress itself from the impact of new global capital rules, the FT reports....
View ArticleHSBC, StanChart, urge Basel III rewrite
Some of the biggest trade-finance providers, led by HSBC and Standard Chartered Bank, have urged a softening of tough new capital rules, warning that otherwise, world trade could be severely hampered,...
View ArticleStanChart to hire 4,000 in Asia
Standard Chartered, the UK-based bank, plans to hire up to 4,000 staff in south-east Asia over the next two years, according to its regional chief executive, reports the FT. Ray Ferguson, chief...
View ArticleSir John Peace: ‘We were criminals’
Lest the StanChart board end up breaking rocks in the hot sun or similar… a toe-curling statement out on Thursday… LONDON, 21 March 2013: On 5 March 2013, I, together with Chief Executive Officer Peter...
View ArticleSTAN: deputy heads roll…
Steve and Richard are both outstanding leaders, good friends and will be missed. We wish them both well in their future careers. That’s Peter Sands talking about his soon to be ex-colleagues Steve...
View ArticleSTAN: “We do not accept these media rumours”
We should just note the livid statement from Standard Chartered on Thursday morning… The Board of Standard Chartered PLC “The Board” notes rumours in some media outlets on succession planning for the...
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The evisceration of one Mike Rees
In one chart. Click to enlarge. Continue reading: The evisceration of one Mike Rees
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