RBI Policy expectations: Steve Brice of Standard Chartered Wealth foresees no change in rates CNBCTV18
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Category: Standard Chartered
Rana Talwar, first Indian to head MNC bank, no more
Rana Talwar, the first Indian to head an international bank – Standard Chartered Bank – died on Saturday. He was 76. Talwar was among the foremost of Indian bankers who made it big on the global stage and was acclaimed for revolutionising banking in some aspects that drew accolades from global giants such as Citigroup’s former CEO John Reed.A homegrown banker, Talwar made giant strides in Citibank and was among the earliest to move to the international stage in Citi at Singapore. He was a pioneer at cross selling of financial products.”He (Talwar) developed a new collection of mutual funds, and they became a great success in Singapore,” Reed had told Harvard Business Review. “He had the…
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Pound Sterling to depreciate to just under 0.9000 by early 2025 – Standard Chartered
Economists at Standard Chartered expect the Pound Sterling (GBP) to underperform as the Bank of England is likely to cut at a quicker pace than they had previously expected.
Stronger easing path adds risk of GBP underperformance
We already expect EUR/GBP to depreciate to just under 0.9000 by early 2025.
The more rapid pace of easing that we now see adds a little more risk of GBP underperformance in coming months.
Most of the risk is concentrated in the next quarter or two, where our forecast has GBP firming slightly against the USD. We do not see major downside risk, rather risk that GBP keeps treading water at current levels.
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Indian trailblazer who took Citi, StanC to new heights
Rana Talwar, the first Indian to head a multinational bank, passed away on Saturday at the age of 76. Talwar, the son-in-law of real estate tycoon K P Singh, chairman emeritus of DLF, also served on the board as a non-executive director. “…the company regrets to inform you about the sad demise of Gurvirendra Singh Talwar, non-executive director of the company on Saturday, January 27, 2024, which was intimated to the company by the family members,” DLF said in an exchange filing. Click here to follow our WhatsApp channel Acknowledging Talwar’s contribution, DLF stated, “We acknowledge his contributions on the board of the company and would like to place on record that the…
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Standard Chartered Bank outlines investment strategy in 2024 outlook report – Modern Ghana
Standard Chartered Bank outlines investment strategy in 2024 outlook report Modern GhanaView Full coverage on Google News
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Source: https://www.modernghana.com/amp/news/1288059/standard-chartered-bank-outlines-investment-strate.html
Standard Chartered’s SC Ventures Embraces Abu Dhabi’s Fintech Momentum with New Office
SC Ventures, the innovation and fintech investment arm of Standard Chartered, plans to open an office in Abu Dhabi Global Market (ADGM) in response to the booming tech ecosystem in the UAE.This strategic move is aimed at actively harnessing opportunities in fintech, digital assets, data, and local talent, all within the growing technology and business innovation ecosystem of the region. It also follows SC Ventures’ partnership with SBI Holdings, a Japanese financial conglomerate, to set up a digital asset joint venture investment company in the UAE.Gautam JainGautam Jain, a banking technology veteran with over three decades of experience, including at at Barclays, HSBC and Citigroup,…
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Standard Chartered Bank To Levy 1% Charge On Credit Card EMI Transaction From February – Zee News
Standard Chartered Bank To Levy 1% Charge On Credit Card EMI Transaction From February Zee News
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StanChart CEO Winters Warns US Fiscal Policy Raises Risk of Debt Buyer Strike
Standard Chartered Plc Chief Executive Officer Bill Winters said the US was running the risk of investors snubbing its debt as politicians fail to get a grip on the country’s ballooning deficitBloomberg Terminal. “There is very little sign of fiscal discipline from either party right now, which is I think concerning, but reality finds ways of biting,” said Winters, speaking in a Bloomberg Television interview from the World Economic Forum in Davos. Winters said the US could be hit by “a little bit of a buyers’ boycott” if it didn’t get its house in order.
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Standard Chartered poaches Citigroup veteran Choe to lead global subsidiaries
Standard Chartered poaches Citigroup veteran Choe to lead global subsidiariesStandard Chartered has made a number of key hires in recent monthsWednesday, 10 January 2024 at 04:03Standard Chartered has hired a Citigroup veteran to lead its global subsidiaries unit following an internal reshuffle at the emerging-markets focused bank.Stella Choe has joined Standard Chartered as head of global subsidiaries coverage, according to a statement from the bank, a division that deals with the international banking needs of multinational corporations. She was most recently head of global networking banking at Citigroup, which is in the midst of a strategy overhaul under chief executive Jane Fraser.
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Vietnam’s 2024 GDP growth forecast at 6.7%: Standard Chartered Bank
The Standard Chartered Bank continues to expect a robust 6.7 per cent gross domestic product (GDP) growth for Vietnam this year, with a growth rate of 6.2 per cent in the first half and 6.9 per cent in the second.The country’s retail sales and industrial production have stayed robust despite recent moderation, the bank noted in its report titled ‘Vietnam—Stronger but not easier’.Exports and imports are starting to recover, though electronics-related trade remains tentative. The manufacturing sector stands to benefit from shifting global supply chains, with multiple free-trade agreements.The Standard Chartered Bank expects 6.7 per cent GDP growth for Vietnam in 2024.
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