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Stock Market & Financial Investment News

News Breaks
January 14, 2014
08:16 EDTSCBFFStandard Chartered shakes up Asian management, WSJ reports
Standard Chartered continues to make management changes, this time it's with its Asian leadership, reports the Wall Street Journal. Ajay Chamanlal Kanwal will become the bank's new country head for South Korea in late March, replacing Richard Hill, sources say. Kanwal is currently Standard Chartered's country head for Taiwan. Hill will lead Bank Permata, the Indonesian affiliate of Standard Chartered, sources add.Reference Link
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July 2, 2015
12:22 EDTSCBFFBrazil investigates banks for exchange rate manipulation
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June 25, 2015
05:53 EDTSCBFFStandard Chartered CEO to shift power to regional hubs, Financial Times reports
Standard Chartered CEO Bill Winters is planning a structural overhaul to shift capital and power to new regional hubs, reports the Financial Times. According to people familiar with the situation, Winters has decided the company is ripe for simplification and streamlining. Winters is expected to hand over power to a handful of regional subsidiaries in key markets, such as Hong Kong, Singapore, India, the UAE and Africa. Reference Link

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