55 stories mentioning HKG:2888Updated 1d ago
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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.
Standard Chartered (HKG:2888) repurchased 770,000 shares on Thursday at an average price of 19.06 pounds sterling apiece, the bank said in a Hong Kong bourse filing Friday.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 809,076 shares on Wednesday at an average price of 19.07 pounds sterling apiece, the bank said in a Hong Kong bourse filing Thursday.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 800,000 shares on Tuesday at an average price of 18.20 pounds sterling apiece, the bank said in a Hong Kong bourse filing Wednesday.The British lender plans to cancel the shares, following which it will have about 2.22 billion shares in issue.
Standard Chartered (HKG:2888) plans to grow its wealth management team in the Gulf even as war in the region rages on, Reuters reported Tuesday, citing Raymond Ang, the bank's global head of private and affluent banking.Ang said the bank plans to hire more relationship managers to manage clients in Dubai and may also expand its presence in Abu Dhabi, Reuters reported.(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's (HKG:2888) SC Ventures fintech unit invested in crypto capital markets and liquidity services group GSR.While the financial details were not disclosed in the Tuesday statement, a same-day report from Bloomberg News quoted a spokesperson as saying that the deal values GSR at more than $1 billion.The lender's SC Ventures is GSR's first external strategic shareholder since it was established in 2013. The partners plan to work on building a scalable digital asset market infrastructure.
Standard Chartered (HKG:2888) placed on the market its head office in East Africa as part of a wider "space-efficiency program," a Monday report said.Bloomberg News reported, citing a company statement, that the lender affirmed its long-term strategy in Kenya despite the planned sale of the seven-story building in Nairobi.StanChart did not immediately respond to a request for comment from.(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) agreed to sell the bulk of its Indian credit card portfolio to India's The Federal Bank (NSE:FEDERALBNK, BOM:500469), according to media reports Thursday.The bank, which had about 640,000 credit cards in India as of March, had been reviewing offers from Federal Bank and Kotak Mahindra Bank (NSE:KOTAKBANK, BOM:500247) ahead of the agreement, Reuters reported.The firms did not disclose the transaction value of the sale, which is expected to close by the end of 2026.
Standard Chartered (HKG:2888) bought back 558,759 shares on Friday at an average price of 18.52 pounds sterling apiece, according to a Friday Hong Kong bourse filing.The British lender plans to cancel the shares, following which it will have about 2.22 billion shares in issue.
Standard Chartered (HKG:2888) bought back 829,908 shares on Wednesday at an average price of 17.90 pounds sterling apiece, according to a Thursday Hong Kong bourse filing.The British lender plans to cancel the shares, following which it will have about 2.22 billion shares in issue.
Hong Kong stocks fell on Thursday as a sharp rise in oil prices, driven by concerns over potential U.S. military action against Iran, weighed on sentiment.The Hang Seng Index fell 335.31 points, or 1.3%, to close at 25,776.53, while the Hang Seng China Enterprises Index lost 123.77 points, or 1.4%, to 8,681.83.U.S. President Donald Trump was set to receive a briefing Thursday from U.S. Central Command chief Brad Cooper on potential military options against Iran, Reuters reported, citing Axios.Oil prices surged, with Brent crude climbing more than 6% to a four-year high of $125 a barrel amid reports that Washington may consider further strikes on Iran.Meanwhile, Federal Reserve Chair Jerome Powell ended his eight-year tenure Wednesday with interest rates unchanged.Powell said he will remain on the Federal Reserve's Board of Governors.Hong Kong financial markets will be closed on Friday for the Labor Day holiday and will reopen on Monday, May 4.In corporate news, Standard Chartered (HKG:2888) closed nearly 2% higher after posting a growth in first-quarter profit.Huaqin Technology (HKG:3296, SHA:603296) jumped nearly 4% after logging a 26% increase in first-quarter profit.
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