Go Back   2019 2020 2021 EduVark > Education Discussion > General Discussion



  #1  
Old October 18th, 2017, 02:08 PM
Unregistered
Guest User
 
Default Standard Chartered Axe

Hi I would like to have the information about Standard Chartered to axe up to 100 branches in 2015 under revival plan?
Reply With Quote Quick reply to this message
Similar Threads
Thread Thread Starter Forum Replies Last Post
Standard Chartered SSI Anuj Bhola General Discussion 1 October 17th, 2019 08:29 AM
Standard Bank South Africa Standard Chartered Bank Unregistered Banks Related 1 November 29th, 2017 11:12 AM
Standard Chartered Yew Tee Unregistered General Discussion 1 March 26th, 2017 03:49 PM
Standard chartered BH Unregistered General Discussion 1 March 18th, 2017 01:10 PM
DCM Standard Chartered Unregistered General Discussion 1 February 3rd, 2017 08:10 AM
Standard Chartered It Unregistered General Discussion 1 May 13th, 2016 01:16 PM
Standard Chartered DCI Unregistered General Discussion 1 January 21st, 2016 03:36 PM
Standard chartered PK Unregistered General Discussion 1 January 19th, 2016 10:19 AM
Standard chartered VSS Unregistered General Discussion 0 August 24th, 2015 05:12 PM
UAE Standard Chartered Unregistered General Discussion 0 August 22nd, 2015 09:50 AM
Standard Standard Chartered Bank Pakistan Unregistered General Discussion 0 August 19th, 2015 05:16 PM
Standard Chartered ATM in BTM Unregistered General Discussion 0 August 18th, 2015 12:36 PM
Standard Chartered BD Unregistered General Discussion 0 August 13th, 2015 10:13 AM
Standard Chartered Faq Unregistered General Discussion 0 August 12th, 2015 03:45 PM
Standard Chartered USA Unregistered General Discussion 0 August 12th, 2015 03:03 PM

  #2  
Old October 18th, 2017, 03:17 PM
Super Moderator
 
Join Date: Mar 2012
Default Re: Standard Chartered Axe

Asia-centered bank Standard Chartered intends to slice up to 100 retail branches in 2015, or 8 for each penny of its system, to help spare $400 million a year to enhance gainfulness.

The bank is under strain to enhance execution following three benefit notices this year and a 30-per penny dive in its offers, and is holding three days of gatherings with speculators in Hong Kong to explain its designs.

"It recognises its current execution has been frustrating and are resolved to get back on to a direction of reasonable, productive development, conveying returns over its cost of capital," Finance Director Andy Halford said in slides going with his introduction to financial specialists.

Ten years of record income for Standard Chartered went to a sudden stop in summer 2012 when it needed to pay $667 million for damaging US authorizes on Iran. It has since been hit by a surging terrible obligations in key markets, for example, China and India.

Standard Chartered said in its slides that profits at its retail bank were being kept down by high expenses and that it expected to cut 80-100 branches, out of 1,248 it had toward the finish of June.

Halford said the bank knew about financial specialist concerns, including whether its cost cutting designs went sufficiently far and whether its capital was sufficiently high. He additionally recognized their worries over an ascent in awful obligations and non-performing advances and whether administration was doing what's necessary to handle issues.
Reply With Quote Quick reply to this message
Reply


Quick Reply
Your Username: Click here to log in

Message:
Options

Forum Jump


All times are GMT +5.5. The time now is 02:57 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Content Relevant URLs by vBSEO 3.6.0

1 2 3 4 5 6 7 8