standard chartered


MAS fines Standard Chartered $4 mn over money laundering breaches

Mar 19 2018

MAS imposed penalties of S$5.2 mn on the Singapore branch of Standard Chartered Bank and S$1.2 million on Standard Chartered Trust for anti-money laundering breaches.

Hong Kong suspends UBS as IPO sponsor for 18 months

Mar 09 2018

Hong Kong’s securities regulator has blocked UBS from sponsoring initial public offerings for 18 months, the Swiss bank said in its annual report released.

StanChart factors planned US trade tariffs into lending

Mar 08 2018

US President Trump’s proposed trade tariffs are already influencing lending decisions by Britain’s Standard Chartered and could have an impact on its profitability.

UK stock market: Key factors to watch on February 23

Feb 23 2018

Britain's FTSE 100 index is seen opening 11 points lower at 7,241.4 on Friday, according to financial bookmakers.

JLL India strengthens investment & capital mkt division

Feb 19 2018

Property consultant JLL India has appointed Hardeep Dayal as chief operating officer of capital market services division and Amit Gupta as head for debt markets.

India's City Union Bank CEO says suffered cyber hack via SWIFT system

Feb 18 2018

India’s City Union Bank said that “cyber criminals” had hacked its systems and transferred nearly $2 million through three unauthorized remittances to lenders overseas.

TSB profit falls, expects to pay more fees to Lloyds

Feb 02 2018

TSB Bank expects to pay more in fees to Lloyds Banking Group for using its former owner banking platform, as it posted a profit fall in 2017 as a result of the payments.

StanChart signs $1.6 bn 'Belt and Road' funding deal with China

Feb 01 2018

China Development Bank will make available up to 10 billion yuan to Standard Chartered to fund projects in countries along China’s ‘Belt and Road’ infrastructure route.

Air India takes delivery of Boeing 777 aircraft for VVIP use

Jan 25 2018

Air India took the delivery of its latest Boeing 777-300 ER aircraft, which will be one of the two new planes to be used for VVIP purposes.

Uproar over crackdown on cryptocurrencies divides South Korea

Jan 12 2018

With a tech-savvy population quick to adopt latest gadgets and facing dim prospects in conventional workplace, S Korea has been a fertile ground for virtual currencies.

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Stocks In News



Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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