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What's brewing? FinMin seeks gold lending info from banksIn a communique to banks on Friday evening, the Department of Financial Services sought data on value and quantity of gold metal loans (GML...- ADB, StanChart ink partnership to support Indian firms across supply chainsThe Asian Development Bank and Standard Chartered Bank have partnered to boost supply chain finance in India. Agreements include risk-shari...
- 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...
- Europe’s banks embrace AI — and confront the price of dependence on US techThe finance industry is rapidly adopting AI, but soaring costs for computing power and AI assistants like Claude are creating financial str...
- 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...
- RBI rate hikes to start in June, says Standard CharteredRBI rate hike: Economists at Standard Chartered anticipate India's central bank will begin raising interest rates as early as June due to e...
- StanChart CEO seeks to reassure staff over AI-linked job cutsStandard Chartered CEO Bill Winters reassured staff following news of job cuts, emphasizing that the bank is replacing "lower-value human c...
- AI will destroy and create new jobs, urges staff to embrace change: HSBC CEOHSBC's top executive Georges Elhedery stated that artificial intelligence will reshape jobs in finance. The bank is actively retraining its...
- 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 ...
- Incoming Fed chair Kevin Warsh has a difficult boss and a tough job ahead, says StanChart CEO Bill WintersAs Kevin Warsh steps into the role of leading the U.S. Federal Reserve, turbulent waters marked by soaring inflation await him, says StanCh...
- 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...
- Global Earnings | HSBC reports flat first-quarter profit; expects further credit lossHSBC Holdings saw flat first-quarter profits. Higher credit loss charges in the UK and provisions for Middle East conflict impacted earning...
- Indian banks pause gold imports as renewed FinMin notification on IGST hangs fire in FY27Banks in India have paused gold and silver imports since April 1, pending an annual government notification that provides tax clarity for b...
- Federal Bank to acquire 4.5 lakh Standard Chartered card portfolioFederal Bank is set to acquire a significant credit card portfolio from Standard Chartered Bank. This deal involves approximately 450,000 c...
- Standard Chartered to sell bulk of Indian credit cards to Federal BankStandard Chartered is selling a significant portion of its Indian credit card portfolio to Federal Bank. This move aligns with Standard Cha...
- Kotak Mahindra, Federal Bank line-up to acquire StanChart's India credit-card-only customers; Offer review underwayStandard Chartered is considering offers from Kotak Mahindra Bank and Federal Bank for its Indian credit card customers. This move aligns w...
- StanChart projects 8.1% GDP growth for FY12; inflation at 7.9%Global banking giant StanChart today projected India's economic growth to slow down to 8.1 per cent in 2011-12.
- Subscribe to Standard Chartered IDR, says EmkayEmkay Global Financial Services has recommended investors to ‘Subscribe to the initial public offering of Standard Chartered’s (StanChart) ...
- More CRR, repo, reverse repo hikes likely in FY 09 : StanChartA spiralling inflation is likely to force the Reserve Bank to up the Cash Reserve Ratio by 0.75 pc in FY 09, along with a one per cent hike...
- StanChart eyes middle class with zero balance offerUK’s Standard Chartered Bank (StanChart) plans to position itself differently in India.
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