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Standard Chartered's pretax profit for 2024 rose to $6 billion, up from $5.1 billion the year before

StanChart's robust wealth business boosts profits

Standard Chartered has today announced a new $1.5 billion share buyback after reporting its annual profit rose 18% on the back of record growth in its wealth business and a strong performance of its markets division.

Business • 21 Feb

Standard Chartered said its statutory pretax profit for the first six months of the year surged 20% to $3.32 billion

Standard Chartered lifts annual profit outlook

Standard Chartered has today upgraded its annual profit forecast and set a new $1 billion share buyback after a strong first-half performance, as rising rates and a record financial markets business propelled the lender's margins.

Business • 28 Jul 23

Standard Chartered's CEO says the bank now needs to keep an eye on how regulation changes

Standard Chartered CEO says big US recession unlikely

Standard Chartered chief executive Bill Winters said today he sees a big recession in the US as unlikely, although a period of negative growth was possible.

Business • 08 May 23

Standard Chartered said its statutory pre-tax profit rose to $1.39 billion in the three months to September 30 from $996m year earlier

Standard Chartered surprises with 40% profit jump

Standard Chartered said its third-quarter profit surged 40% as higher interest rates boosted the emerging markets-focused bank's income and gave it ammunition to upgrade its revenue outlook despite a weakening global economy.

Business • 26 Oct 22

Standard Chartered earns most of its revenue in Asia

Standard Chartered's Q3 profit doubles as bad loans dip

Standard Chartered saw a recovery in pandemic-hit markets to post a stronger than expected pre-tax profit for the third quarter today, aided by lower credit charges and growth in trade finance.

Business • 02 Nov 21

StanChart posted a 57% fall in annual profit for 2020 on higher credit impairments due to the Covid-19 pandemic

StanChart restores dividend as Covid halves 2020 profit

StanChart has today posted a 57% fall in annual profit for 2020, missing analyst estimates, on higher credit impairments due to the COVID-19 pandemic.

Business • 25 Feb 21

The bank is seeking to trim costs and create a leaner business

Standard Chartered to streamline business

Standard Chartered said today it would merge several of its businesses and reduce the number of top executives as the Asia and Africa-focused bank seeks to trim costs and create a leaner business.

Business • 10 Sep 20

Standard Chartered's pre-tax profit was up 28% at $3.9 billion for 2018

Standard Chartered's 2018 profits rise despite fines

Standard Chartered's pre-tax profit surged to $3.9 billion in 2018, the bank said today, after previously warning it had set aside nearly $1 billion for regulatory fines in the US and Britain.

Business • 26 Feb 19

Standard Chartered has been the subject of multiple investigations by US authorities into its dealings with Iran

Standard Chartered sets aside $900m to cover fines

Standard Chartered has set aside $900m to cover fines resulting from regulatory investigations in the US and Britain, potentially drawing a line under probes which have dogged the bank for years.

Business • 21 Feb 19

Standared Chartered focuses on Asia, Africa and the Middle East

Standard Chartered Q1 profit beats estimates

Standard Chartered has posted a better-than-expected 20% rise in pretax profit for the first three months of the year, helped by a surge in loan demand and improvement in asset quality.

Business • 02 May 18

Standard Chartered said its pre-tax profit jumped 175% to $3.01 billion in 2017 from 2016

Standard Chartered brings back dividends as profits up

Banking giant Standard Chartered has today announced a return of dividends for shareholders after a two-year hiatus as it reported a surge in annual profits following restructuring and cutbacks.

Business • 27 Feb 18

Standard Chartered swung back to a pretax profit of $409m for 2016

No Standard Chartered dividend, but bonus raised

Standard Chartered said it would not pay a dividend for 2016 due to restructuring costs, but increased its staff bonus pool by 5%.

Business • 24 Feb 17

Standard Chartered set to axe about 1,000 top jobs - CEO

StanChart CEO plans to cut about 1,000 top staff

Standard Chartered's new CEO Bill Winters plans to cut up to a quarter of the bank's most senior staff to reduce costs, according to a memo sent to staff, which is likely to see about 1,000 top jobs go.

Business • 09 Oct 15