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Stock Market & Financial Investment News

News Breaks
February 11, 2013
06:07 EDTSCBFFStandard Chartered planning move into Iraq, Telegraph reports
Standard Chartered (SCBFF) is planning a major move into Iraq and will apply to Iraqi regulators for permission to open three business branches in Baghdad, Basra and Erbil, the Telegraph reports. The move comes as oil majors and development companies from Asia demand greater financial services support in the country. Reference Link
News For SCBFF From The Last 14 Days
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March 30, 2015
12:37 EDTSCBFFStandard Chartered commits to Islamic unit despite CEO departure, Reuters says
Standard Chartered "remains committed" to its Islamic bank despite the recent departure of the unit's CEO Afaq Khan, reports Reuters, citing a company spokesperson. Reference Link
March 25, 2015
07:30 EDTSCBFFStandard Chartered dividend cut looks likely, WSJ says
Shares of Standard Chartered have rallied 20% since the bank replaced its CEO last month, but incoming CEO Bill Winters still has to detail how the bank will bolster its balance sheet. A significant cut to the dividend is "certainly needed," and a rights issue and higher provisions against nonperforming loans will look "tempting" to Winters when he takes over this summer, according to The Wall Street Journal's "Heard on the Street" column. Reference Link
March 20, 2015
05:57 EDTSCBFFStandard Chartered investors want bank to leave London, Financial Times says
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