by Amruth Sundarkumar | Jan 13, 2022 | Banks
Global banking major Standard Chartered announced on Wednesday a deal to acquire RBC Investor Services Hong Kong, one of the 13 Mandatory Provident Fund (MPF) trustees in Hong Kong. The acquisition price was not disclosed. Simon Kellaway, regional head of financing...
by Amruth Sundarkumar | Nov 3, 2021 | Banks
Standard Chartered reported strong Q3 earnings on Tuesday with income up 7% YoY to $3.8bn and statutory pre-tax profit more than doubling to $996mn from $435mn a year earlier, beating analyst estimates of $942mn. Credit impairment costs reduced massively to $107mn...
by Amruth Sundarkumar | Aug 4, 2021 | Banks
SocGen reported a Q2 underlying group net income of €1.35bn ($1.6bn) vs. only €8mn ($9.5mn) in Q2 last year. For the half year, they reported net income of €2.65bn ($3.1bn), up 13.5% vs. 1H2019 and nil profits during the same period last year. The bank reported no...
by bondevalue | Apr 30, 2021 | Financial Institutions, Investment Grade Bonds
Standard Chartered reported its 1Q2021 results with net profits more than doubling to $1.1bn vs. $517mn a year ago. Like its peers, profits were helped by a sharp reduction in credit impairments of $20mn vs. $936mn YoY. Wealth Management reported a record $641mn...
