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STANDARD CHARTERED NEWS
At Musk's Starbase, the rise of SpaceX brings fortunes and fracturesIn Texas, SpaceX's bustling Starbase is a double-edged sword, fueling economic growth while drawing thrill-seekers to the area. Unfortunate...- At Elon Musk's Starbase, the rise of SpaceX brings fortunes and fracturesSpaceX's rapid expansion in South Texas, centred around its Starbase facility, is bringing economic benefits and global attention. However,...
- Talent fight heats up in India finance hub as two chiefs quitGIFT City, India's international finance hub, is experiencing intense competition for talent as two foreign bank chiefs have recently resig...
- AI chiefs walk back job apocalypse warningsLeading AI figures like Nvidia's Jensen Huang and OpenAI's Sam Altman are now downplaying fears of mass job losses due to artificial intell...
- Rupee slips with Asian peers as hopes of imminent U.S.-Iran peace deal falterThe Indian rupee weakened against the dollar as crude oil prices surged amid fading hopes for a U.S.-Iran peace deal. State-run banks inter...
- StanChart CEO apologises for 'upset caused' by AI commentsStandard Chartered CEO Bill Winters has apologized for comments about artificial intelligence replacing workers. He stated that the bank is...
- JPMorgan rolls out AI tools in investment banking globally, senior banker saysJPMorgan is widely implementing AI tools across its global investment banking operations, signaling a significant shift in the sector. The ...
- Rupee plunge sees India turn to 2013 taper tantrum playbookIndia's central bank is considering measures to stabilize the rupee. The currency has fallen to a record low, increasing import costs. The ...
- Indian bonds end volatile session lower as rate hike bets riseIndian bonds experienced a downturn as reports surfaced of the Reserve Bank of India considering interest rate hikes to bolster the rupee. ...
- StanChart announces massive job cuts: Standard Chartered to lay off over 7,000 employees. Check deadline, reasonStanChart or Standard Chartered's move to streamline operations and rein in costs comes as more global firms slash jobs by deploying AI to ...
- Standard Chartered plans to cut thousands of jobs in AI pushStandard Chartered on Tuesday raised its profitability target, aiming for a return on tangible equity of more than 15% by 2028 and about 18...
- Elon Musk vs Sam Altman heads to court in blockbuster AI showdown with billions at stakeA major legal battle begins this week in California. Elon Musk is suing Sam Altman and OpenAI. The case centers on OpenAI's shift from a no...
- On being triggered by a tree at EpernayTwo wars, separated by 200+ years, could not be more different on what counts
- Standard Chartered mulls options for India cards unit in retail pullbackStandard Chartered is reviewing its retail credit card business in India as part of a broader effort to reshape its operations in the count...
- Sanjeev Mehta quits Standard Chartered Bank, set to launch new ventureSanjeev Mehta has resigned as Standard Chartered Bank's Managing Director and Head of Transaction Banking Sales for South Asia after a 17-y...
- StanC 2022 India profit falls as rupee depreciation, one offs weighThe drop in profit has meant that the United States (US) has become the third largest profit contributor to the London based lender, pushin...
- First Abu Dhabi explored offer for Standard CharteredThe Middle East's largest bank was previously in the "very early stages of evaluating a possible offer for Standard Chartered" but is no lo...
- Standard Chartered India profit rises as provisions fallProfit was helped by a 90% fall in provisions for bad loans to $23 million from $227 million in 2020 which made up for a tepid rise in oper...
- A weaker local currency may add strength to exportsThe local unit touched an all-time, intraday low of 69.09 a dollar last Thursday.
- Britain's best paid banker took home 16 mn pound last yearStandard Chartered bank's former global head of private equity Karam Butalia, has received a 16 million pound pay packet last year, making ...
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