45 stories mentioning HKG:2888
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Standard Chartered (HKG:2888) repurchased 773,200 shares on Monday at an average price of around 19.41 pounds sterling apiece, according to a Tuesday filing with the Hong Kong bourse.The British lender plans to cancel the shares, following which it will have about 2.2 billion shares in issue.
Standard Chartered's (HKG:2888) Saudi Arabia wing obtained regulatory approval for investment management and fund operation activities in the country, according to a Monday release.The go-ahead from the Capital Market Authority (CMA) will allow the bank to support institutional clients amid broadening investor participation and capital market activity in the country.
Trading of UK-listed financial firms in Hong Kong-HSBC, Prudential, and Standard Chartered-slumped Thursday after a Chinese media report said mainland residents now face tighter restrictions on opening offshore accounts at major Hong Kong banks, Reuters News reported on the same day.The Bank of East Asia's Shanghai branch stopped opening overseas investment accounts for mainland clients, and HSBC's Lujiazui staff said deposited funds must comply with Hong Kong rules, the newswire reported, citing the South China Morning Post.As a result, HSBC, Standard Chartered, and Prudential tumbled between 5% and 6.3% in London, and AIA Group dropped 6.8% in Hong Kong, the publication said.HSBC, Prudential, and Standard Chartered were not immediately reachable for comment when contacted by Reuters, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Standard Chartered (HKG:2888) repurchased 742,984 shares on Monday at an average price of around 20 pounds sterling apiece, according to a Tuesday filing with the Hong Kong bourse.The British lender plans to cancel the shares, following which it will have about 2.2 billion shares in issue.
Standard Chartered (HKG:2888) plans to issue $1.00 billion in bonds, according to a Friday filing with the Hong Kong bourse.The lender plans to issue the debt in the form of fixed-rate resetting perpetual subordinated contingent convertible securities that will be listed in London and Hong Kong. Issuance is expected to take place June 8.The bonds will offer interest at an initial rate of 7% and convert into shares of Standard Chartered at the rate of $26.379 per share.Funds raised will be used for general business purposes, the bank said.
Standard Chartered (HKG:2888) repurchased 768,801 shares on May 22 at an average price of 19.42 pounds sterling apiece, according to a Tuesday filing with the Hong Kong bourse.The British lender plans to cancel the shares, following which it will have about 2.21 billion shares in issue.
Standard Chartered (HKG:2888) repurchased 773,000 shares on Thursday at an average price of 19.33 pounds sterling apiece, according to a Friday filing with the Hong Kong bourse.The British lender plans to cancel the shares, following which it will have about 2.21 billion shares in issue.
Standard Chartered (HKG:2888) has responded to backlash following Bill Winters' remark about replacing "lower-value human capital" with financial and investment capital."Talent is core to our strategy as we continue to invest to create new, reskill and redeploy roles - this will be done in line with regulatory expectations," Global Head of Corporate Communications Robbie Sommerville told."Where roles fall away in line with evolving technology, capabilities, and client needs, we will engage early and support them through change," he added, responding to a request for comment by.The backlash came about as a result of Winters' comments around the bank's plans to slash corporate function roles by more than 15% by 2030.Winters previously reassured staff in a memo on Wednesday, writing "Many of you will have seen media coverage following the Investor Event in Hong Kong, particularly the reporting around automation, AI, and workforce changes," Bloomberg reported."I know this may be unsettling when reduced to simple headlines or a quote out of context," he added in the memo seen by Bloomberg News.
Standard Chartered (HKG:2888) repurchased 795,000 shares on Wednesday at an average price of 19.02 pounds sterling apiece, according to a Thursday filing with the Hong Kong bourse.The British lender plans to cancel the shares, following which it will have about 2.21 billion shares in issue.
(Updating to add comment by Standard Chartered CEO)Standard Chartered (HKG:2888) aims to deliver return on tangible equity above 15% in 2028, up more than 3 percentage points from 2025, with the figure expected to reach about 18% by 2030, according to a Tuesday Hong Kong bourse filing.The bank also plans to reduce corporate function roles by more than 15% by 2030."It's not cost-cutting. It's replacing in some cases lower-value human capital with the financial capital and the investment capital we're putting in," Reuters reported Tuesday, citing Standard Chartered CEO Bill Winters.Standard Chartered targets high-teens earnings-per-share compound annual growth and income CAGR of 5% to 7% from 2025 to 2028.The lender plans to lower its cost-to-income ratio to about 57% in 2028 from 63% in 2025.
Standard Chartered (HKG:2888) repurchased 775,196 shares on Tuesday at an average price of 18.98 pounds sterling apiece, according to a Wednesday filing with the Hong Kong bourse.The British lender plans to cancel the shares, following which it will have about 2.21 billion shares in issue.
Standard Chartered (HKG:2888) repurchased 792,070 shares on Monday at an average price of 18.99 pounds sterling apiece, according to a Tuesday filing with the Hong Kong bourse.The British lender plans to cancel the shares, following which it will have about 2.21 billion shares in issue.
Standard Chartered (HKG:2888) said its non-binding offer to acquire Zodia Custody was accepted by the shareholders and noteholders of the digital asset custodian, according to a statement Monday.The proposal involves moving Zodia's crypto custody activities into the bank's corporate and investment banking unit, where similar services are already offered.Meanwhile, Zodia will separate its institutional digital asset infrastructure platform business to an independent entity called Zodia Solutions that will operate under SC Ventures.StanChart's shares rose 1% in recent trade.
Standard Chartered (HKG:2888) aims to deliver return on tangible equity above 15% in 2028, up more than 3 percentage points from 2025, with the figure expected to reach about 18% by 2030, according to a Tuesday Hong Kong bourse filing.The bank also plans to reduce corporate function roles by more than 15% by 2030.Standard Chartered targets high-teens earnings-per-share compound annual growth and income CAGR of 5% to 7% from 2025 to 2028.The lender plans to lower its cost-to-income ratio to about 57% in 2028 from 63% in 2025.
Standard Chartered (HKG:2888) repurchased 773,158 shares on May 15 at an average price of around 18.85 pounds sterling apiece, according to a Monday filing with the Hong Kong bourse.The British lender plans to cancel the shares, following which it will have about 2.21 billion shares in issue.
Standard Chartered (HKG:2888) appointed Manus Costello as group chief financial officer, according to a Monday Hong Kong bourse filing.Costello will first serve as interim group chief financial officer, with immediate effect, and report directly to Chief Executive Bill Winters.He joined Standard Chartered in April 2024 as global head of investor relations after spending 25 years in equity research, including as a founding partner and global head of research at Autonomous.The bank also appointed Tanuj Kapilashrami as group chief operating officer, with immediate effect.
Standard Chartered (HKG:2888) repurchased 783,599 shares on Thursday at an average price of 18.99 pounds sterling apiece, according to a Friday filing with the Hong Kong bourse.The British lender plans to cancel the shares, following which it will have about 2.21 billion shares in issue.
Standard Chartered (HKG:2888) repurchased 801,239 shares on Wednesday at an average price of 18.72 pounds sterling apiece, according to a Thursday filing with the Hong Kong bourse.The British lender plans to cancel the shares, following which it will have about 2.21 billion shares in issue.
Standard Chartered (HKG:2888) repurchased 782,380 shares on Tuesday at an average price of 18.27 pounds sterling apiece, according to a Wednesday filing with the Hong Kong bourse.The British lender plans to cancel the shares, following which it will have about 2.21 billion shares in issue.
Standard Chartered (HKG:2888) repurchased 777,000 shares on Monday at an average price of 18.89 pounds sterling apiece, according to a Tuesday Hong Kong bourse filing.The British lender plans to cancel the shares, following which it will have about 2.21 billion shares in issue.
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