Standard Chartered Fires 200 in Hong Kong as Competition Rises
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Standard Chartered Plc, a UK lender that makes two-thirds its profit in Asia, said it fired 200 people, or 5 percent of its employees, in Hong Kong where it&#39;s making less money on home loans.
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Standard Chartered Plc, a UK bank that makes two-thirds of its profit in Asia, will start talks to buy a 51 percent stake in PT Bank Permata, Indonesia&#39;s seventh- largest lender, after being named the preferred bidder.
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BusinessWeek Online - It sounds like a tale of woe for Europe's investment banks. One of the biggest takeover attempts in British retail history -- retail tycoon Philip Green's &#36;17 billion bid for iconic Marks &amp; Spencer Group PLC -- came to naught. A much-anticipated boom in initial public offerings has fizzled. And after a drought that started in 2001, merger-and-acquisition activity remains in a funk. But bankers in Europe's financial capital, the City of London, and its auxiliary, Canary Wharf, aren't crying in their pints. ...
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Hong Kong's Hang Seng share index closes at a new high, helped by an overnight rally on Wall Street.
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New figures show that the number of new share accounts being opened in China has been hit by the new share tax.
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London's shares endured a highly volatile morning session on Tuesday that saw the FTSE 100 nearly fall 200 points at the open before briefly trading higher.
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HSBC Holdings Plc, Europe&#39;s biggest bank by market value, and Standard Chartered Plc are vying for control of Korea First Bank after neither of the UK-based lenders could agree a price with its biggest shareholder.
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Shares in Hong Kong were mostly higher Thursday as gains by mainland stocks outweighed losses in property issues. The Hang Seng Index added 16.
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Business & money: Â· Credit crunch creates Â£210bn backlog of buyouts Â· US sub-prime crisis claims more jobs and firms
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The City of London is lobbying China's 200-billion-dollar foreign exchange investment agency to set up a branch in the leading international financial centre, state media said Friday.
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The streets in Hong Kong have become even more crowded since the territory was handed over to the People&#39;s Republic of China in 1997 after being ruled by Great Britain for more than 150 years.
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HONG KONG - Standard Chartered PLC said Monday its chief executive in Hong Kong has resigned, less than a week after the British-based bank said it was laying off 200 local employees.
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Asia-focused bank Standard Chartered Plc  said on Tuesday it is buying American Express Bank (AEB) for about $860 million to help "turbo charge" the growth of its recently launched private banking business.
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Business & money: Private sector competitors see 'extraordinary' demand.
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Standard Chartered drops a plan to rescue its investment vehicle that was exposed to the sub-prime crisis.
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LONDON (CBS.MW) -- Anglo-Aussie miner BHP Billiton (BHP) (UK:BLT) climbed 2.8 percent to lead FTSE 100 components after it increased its share buyback to A$2.27 billion (US$1.78 billion) from the A$1 billion to A$1.5 billion it had predicted it would buy
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UK-based Standard Chartered suspends its shares in Hong Kong, ahead of an expected $3.3bn bid for a Korean bank.