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Stock Market & Financial Investment News

News Breaks
July 24, 2014
06:13 EDTSCBFFStandard Chartered chairman weighing CEO succession plan, FT reports
Standard Chartered Chairman John Peace has been urged to conduct an internal and external search for a CEO to replace current CEO Peter Sands, the Financial Times reports. Once a new CEO has been named, Peace may also resign, the sources say. Reference Link
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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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March 16, 2015
09:37 EDTSCBFFStandard Chartered management to meet with JPMorgan
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