SINGAPORE/HONG KONG: Standard Chartered is set to cut about a tenth of its global corporate and institutional banking headcount, sources with direct knowledge of the matter told Reuters on Monday (Nov 28) as the bank keeps up an aggressive drive to cut costs. ( read original story ...)
Standard Chartered to shed corporate and institutional banking jobs
Standard Chartered is set to cut about a tenth of its global corporate and institutional banking headcount, according to Reuters. The job cuts will start in Hong Kong and Singapore and will eventually affect all major business hubs of Standard Chartered ... ( read original story ...)
Standard Chartered job cuts: Most senior level job losses will be in Singapore
Asia-focused banking group Standard Chartered is cutting about 10 percent of its global corporate and institutional banking jobs, reports say. The job losses at the bank follow a 7.5 percent fall in corporate and institutional revenue in the last quarter. ( read original story ...)
Standard Chartered to cut 10% of corporate, institutional banking staff : report
The job cuts will be rolled out beginning this week across all Standard Chartered’s major business centres including in Singapore and Hong Kong Subscribe to our newsletter. Corporate and institutional banking accounts for the bulk of revenues at Standard ... ( read original story ...)
Standard Chartered goes in cost cutting mode
Standard Chartered Chief Executive Bill Winters this month branded the bank's income and profit unacceptable, as below-forecast third-quarter results underlined the challenges facing his overhaul. Singapore: Standard Chartered is set to cut about a tenth ... ( read original story ...)
Standard Chartered Said to Cut 10% of Investment Banking Staff
At the corporate finance business, about 10 to 15 managing directors are leaving in the shakeup, with Singapore the most affected office, said the person. Standard Chartered had about 84,500 employees at the end of June, down about 1,500 from the same ... ( read original story ...)
Global job cuts at Standard Chartered
Standard Chartered is cutting 10% of its global corporate and institutaional banking headcount, Reuters reports. According to the news agency, the job cuts will be rolled out starting this week across all the bank’s major business in Singapore and Hong Kong. ( read original story ...)
Standard Chartered regional CEO resigns
SINGAPORE - The regional chief executive for Standard Chartered, Mr Ajay Kanwal, has resigned, said the bank on Monday (Nov 28). He steps down from his role as regional chief executive for Asean and South Asia with immediate effect, after 24 years with ... ( read original story ...)
The best business class seats on Sydney-Singapore flights
Travellers on the popular Sydney-Singapore route can select between four different airlines and six distinct business class seats, but which of those options is best for your next trip to The Lion City? Among your choices, business class on Qantas' Airbus ... ( read original story ...)
China paper says Singapore troop carriers should be 'melted down'
BEIJING Armored troop carriers belonging to Singapore and currently impounded in Hong Kong should be "melted down", China's influential state-run tabloid the Global Times said on Tuesday, in its second swipe at the island nation in two days. The nine troop ... ( read original story ...)
Singapore tops global education rankings
Singapore has the highest-achieving primary and secondary pupils ... Ina Mullis, executive director of the TIMSS tests, said the overall findings showed a "lot of good news" about schools - with test scores rising and more children saying that school ... ( read original story ...)
Singapore won't allow armoured carriers incident to hijack relationship with China: Balakrishnan
SINGAPORE: Singapore will not allow any single issue to hijack its relationship with China, Foreign Affairs Minister Vivian Balakrishnan said on Tuesday (Nov 29). The minister was at a Straits Times forum responding to questions on the seizure of Singapore ... ( read original story ...)
Singapore central bank says banks must guard against rising bad loans
SINGAPORE Singapore's central bank on Tuesday urged the city-state's banks to guard against a potentially protracted economic slowdown amid a rise in bad loans, but said the financial system remains capable of withstanding a severe stress event. In its ... ( read original story ...)
Top 10: Singapore hotels with Michelin-starred restaurants
An insider's guide to the best Singapore hotels with Michelin-starred restaurants, from five-star accommodation to historic grande dames, including CUT and Waku Ghin at Marina Bay Sands, Shinji by Kanesaka at Raffles and Joel Robouchon at Resorts World ... ( read original story ...)
Singapore customs seize 129 tonnes counterfeit rice
SINGAPORE: The Singapore customs seized more than 5,000 bags of counterfeit rice imported from India on Friday. The infringement was reported to the authorities by the owner of the Singapore-registered trademark. The customs officers swung into action upon ... ( read original story ...)
Barclays nets less than expected from Asia wealth business sale
LONDON Barclays (BARC.L) completed the sale of its Singapore and Hong Kong wealth management businesses for a less-than-expected $225 million (181.06 million pound), as not all of the bank's customers chose to transfer their business across to the buyer ... ( read original story ...)