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Standard Chartered PLC

Standard Chartered Targets Wealth Goals by 2028, Integrates HK Clients into Mox

Standard Chartered Announces Target to Achieve Over 15% ROTE by 2028

Standard Chartered Plans to Cut Over 15% of Corporate Function Jobs by 2030

Standard Chartered to Acquire Crypto Custody Business from Subsidiary Zodia

Standard Chartered repurchases 773k shares for £14.6m on May 15

Barclays Raises Standard Chartered Target Price to 2100 Pence

Standard Chartered Repurchased 801,239 Shares on Other Exchanges

Standard Chartered discloses repurchase of 782,380 ordinary shares

Morgan Stanley Raises STC Target Price to HKD221, Maintains Overweight Rating

Standard Chartered repurchased 777,000 ordinary shares

Standard Chartered Receives Rating Changes and Reports Exceeding Earnings Per Share

Standard Chartered Repurchased 160,000 Shares on CBOE BXE

Standard Chartered Repurchased Shares on London Stock Exchange

Standard Chartered Report: Non-US Stablecoins Have 48% Potential, Taiwan Has Development Advantages

Standard Chartered repurchased 800,000 ordinary shares

JPMorgan Reiterates Buy Rating on Standard Chartered Shares

UBS Raises Standard Chartered's Target Price to 2130 pence

Standard Chartered's SC Ventures Invests in Crypto Market Maker GSR Strategically

Citi Raises Standard Chartered Target Price to HKD209 and Maintains Neutral Rating

Standard Chartered Repurchased Shares on HKEX

STAN

Standard Chartered Plc plans to cut over 15% of its corporate support roles by 2030, leveraging AI to enhance efficiency. CEO Bill Winters stated that while there won't be job losses, roles will be reduced in favor of automation. The bank aims for a 15% return on tangible equity by 2028 and a cost-to-income ratio of 57%. This restructuring aligns with industry trends as other banks also seek technological efficiencies.

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STANCHART

HSBC HOLDINGS

HSBC

HSBC Holdings Plc

Goldman Sachs

Bank of America

HSBC 5xShortSG241213

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BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

StanChart planning to lay off thousands of support staff amid AI push

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Standard Chartered plans to hire more relationship managers in Singapore while cutting over 15% of its global corporate function headcount by 2030, resulting in more than 7,000 job losses. The bank aims to enhance productivity through AI and automation. Despite the cuts, it remains committed to business growth in Singapore and ASEAN, aligning with government workforce transformation plans. The bank also targets a lower cost-to-income ratio and aims to increase its return on tangible equity to over 15% by 2030.

Businesstimes News

China Southern CSI Banks ETF

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OCBC Bank

United Overseas Bank (UOB)

StanChart Singapore to hire more wealth bankers amid global cuts; impact on other roles still unclear

Standard Chartered has raised its 2030 earnings target to 18%, focusing on wealth, cross-border banking, and digital businesses, with Hong Kong as a key growth driver. The bank aims for a 15% return on tangible equity by 2028 and plans to cut back-office staff by 15% through automation. Investors responded positively, boosting shares by 2.5%. The bank is also accelerating its wealth management target to $200 billion by 2028 and expects fee income to exceed 50% of total income in the coming years.

SCMP

Hang Seng Index

Standard Chartered bets on Hong Kong as it raises long-term earnings goals

Standard Chartered PLC(STAN.UK)

StanChart planning to lay off thousands of support staff amid AI push

StanChart Singapore to hire more wealth bankers amid global cuts; impact on other roles still unclear

Standard Chartered bets on Hong Kong as it raises long-term earnings goals