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Stock Market & Financial Investment News

News Breaks
August 12, 2014
06:35 EDTSCBFFStandard Chartered looks for signs of money laundering, Reuters says
Standard Chartered is poised to start looking through data for signs of potential money laundering or other illegal activity due to defects in the software that is crucial to its anti-money laundering compliance initiative, according to Reuters, citing two sources with knowledge of the matter. Reference Link
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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
June 18, 2015
07:28 EDTSCBFFLloyds CEO to call on U.K. banks to welcome ringfencing rules, Reuters says
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