LSE - Delayed Quote • GBp Standard Chartered PLC (STAN.L) Follow Compare 1,056.50 +34.00 +(3.33%) At close: January 15 at 5:31:06 PM GMT All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Apollo, StanChart Sign $3 Billion Energy Transition Partnership (Bloomberg) -- Apollo Global Management and Standard Chartered Plc have formed a partnership to finance infrastructure deals, renewable energy and the low-carbon transition.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesAs E-Bikes Boom in NYC, Some Call for More RegulationsApollo Clean Transition Capital, the firm’s sustainable investing platform, and the London-listed bank have committed to jointly invest up to $3 billion, prim Big Oil’s Profit Warnings Bode Ill For Trump’s Drilling Bonanza Lower profits at major oil companies could further diminish the appetite to drill more. Standard Chartered opens door to EU digital asset market The bank’s entity marks a significant step in its global digital asset strategy with Luxembourg licence. Zambia's SEC sanctions Standard Chartered over China property bond mis-selling, source says LONDON (Reuters) -Zambia's Securities and Exchange Commission (SEC) has sanctioned Standard Chartered for mis-selling a Chinese property company's bonds to one of the bank's local wealth clients at the height of the Asian country's real-estate crisis, according to a source. The source familiar with the matter told Reuters that the UK-headquartered bank, which is currently looking to sell its wealth and retail banking businesses in Zambia, was facing "enforcement action" for two breaches of SEC rules following a months-long investigation. In addition, the SEC found Standard Chartered had also used "exclusionary" contract clauses, which meant the client held all responsibility for the risks, which goes against Zambia's securities rules. Oil Advances as Dwindling Inventories Counter China Weakness (Bloomberg) -- Oil advanced, with traders weighing short-term supply risks against further signs of Chinese economic weakness.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’West Texas Intermediate rose 0.8% to settle near $74 a barrel, tacki Oil Slumps as Technicals Cap Rally Driven by Tighter Supplies (Bloomberg) -- Oil fell after a key technical level provided resistance to a rally that has been driven by continued signs of tightening US crude supplies.Most Read from BloombergNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Can States Hit the Brakes on Runaway Roadbuilding?West Texas Intermediate futures slumpe FTSE 100 best performing stocks of 2024 Here's a look at which FTSE 100 stocks generated the best total returns in 2024. Rupee Breaching 85 Has Traders Watch for RBI’s Line in Sand (Bloomberg) -- Sign up for theIndia Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalRescuing a Little-Known Modernist Landmark in BuffaloThe rupee breaching 85 p Standard Chartered to boost UAE private banking team The expansion plan includes the addition of seven key appointments to the private banking team. Oil Markets Remain Lackluster Despite Positive OPEC+ Meeting Despite OPEC+'s decision to delay production increases, oil prices continue to fall due to prevailing negative sentiment and concerns about future oversupply. Oil Prices Steady After OPEC+ Pushes Back Output Hike OPEC+ delays planned output increase and extends production cuts, responding to bearish market sentiment and easing trader concerns about oversupply. Standard Chartered seeks double-digit wealth growth in five years The bank highlighted plans to enhance wealth management capabilities through product innovation and digital client experiences. StanChart to hire more wealth managers in Hong Kong, Singapore under US$1.5 billion plan Standard Chartered will hire more relationship managers in Hong Kong, Singapore and the United Arab Emirates (UAE) as part of a five-year plan to oversee an additional US$200 billion of new money from clients, after a stellar performance last quarter. "We are going to grow the private bank in Singapore, Hong Kong, UAE, and also we have an advisory centre in London," said Judy Hsu, CEO of wealth and retail banking. "A significant portion of our investment will enhance those capabilities that supp Bankers prepare for globalisation 'reset' in second Trump presidency LONDON (Reuters) -Globalisation is being reset by U.S. President-elect Donald Trump's trade tariff threats and worries about regulatory arbitrage between Wall Street banks and their international rivals, senior bankers said on Tuesday. Trump said last month he would impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China, on the first day of his second term, raising concerns about global trading relationships. However, Trump's proposed tariffs would not dramatically hurt BBVA's business in Mexico, the Spanish bank's Chief Executive Onur Genc told the FT Global Banking Summit in London. StanChart sets $200 billion new wealth assets target, focuses on Chinese and Indian wealthy Standard Chartered (StanChart) will target $200 billion in new assets and double-digit growth in income from its wealth business over the next five years, as part of its wider strategy to shift to higher fee-earning businesses. The Asia-focussed bank wants to expand in serving wealthy Chinese and Indian clients who have assets offshore or cross-border needs, the bank's Wealth and Retail Banking CEO Judy Hsu told reporters on Wednesday. StanChart's assets under management sourced from wealthy Chinese and Indians with global needs rose by about 40% and 20%, respectively, in the 12 months ending September, its data shows. Standard Chartered eyes divestments in Africa to boost wealth focus London-based bank narrows its strategy, exploring exits in Botswana, Uganda, and Zambia to enhance its affluent franchise. Crypto Market Cap Could Balloon to $10T by 2026 Under Trump Administration: Standard Chartered A Republican sweep is the best result for the digital assets sector and could bring positive regulatory change, the report said. Standard Chartered (LSE:STAN) Sees Strong Earnings Growth and OKX Alliance Enhancing Institutional Services Standard Chartered(LSE:STAN) has recently showcased impressive earnings growth of 120.2% year-over-year, far exceeding the industry average, alongside a notable share buyback of 61.08 million shares for $603 million. However, challenges like a low return on equity and volatile dividends persist, even as strategic initiatives such as the partnership with OKX position the bank for growth in emerging markets. This report delves into the company's financial health, market valuation, and strategic... HSBC, Barclays and StanChart jostle for US banking riches, unruffled by White House race Britain's big global lenders HSBC, Barclays and Standard Chartered are vying to tap into a boom in U.S. commercial banking as corporate America seeks expertise for international expansion plans. At stake is a growing pool of U.S. commercial banking revenues, which reached $429 billion in 2023 from $310 billion in 2019, helped by a strong U.S. economy and a boost to margins from higher interest rates, previously unreported data from consulting firm BCG showed. "The East-West trade is really important for HSBC because of our very strong presence in Asia ... but actually for the UK, the main corridor in terms of business volumes is transatlantic," Stuart Tait, HSBC UK's head of commercial banking, told Reuters. OKX appoints Standard Chartered as third-party custody partner Standard Chartered is named as an institutional third-party custody partner by OKX. Performance Overview Trailing total returns as of 1/15/2025, which may include dividends or other distributions. Benchmark is FTSE 100 Return STAN.L FTSE 100 YTD +7.28% +2.22% 1-Year +79.98% +8.87% 3-Year +121.66% +10.05%