NYC's district attorney has secured a windfall of $808 million from penalties against three big banks accused of violating U.S. sanctions.» Read More
European stocks closed lower on Wednesday, with investors responding to talks between the U.S. and Russia on Ukraine.
Standard Chartered reported disappointing profits of $6.95 billion for 2013 Wednesday, ending a decade of annual profit growth.
More than a dozen banks are being probed by the NY Department of Financial Services regarding possible manipulation in the foreign exchange markets.
Viswanathan Shankar, CEO for EMEA and Americas at Standard Chartered maintains that the real economy in emerging markets is "robust" and that they have "terrific prospects" over the long-term.
Peter Sands, CEO of Standard Chartered, says concerns over the so-called "fragile five" emerging markets are "overblown".
A local currency hit by months of political unrest, and skittish consumers spending less are keeping the pressure on Thai billionaire Dhanin Chearavanont.
Talk of a slowdown in emerging markets is "overblown," Peter Sands told CNBC on Wednesday and he dismissed speculation the bank was a takeover target.
Standard Chartered surprised markets by announcing that its finance director, Richard Meddings, would step down at the end of June. Allister Heath from City AM and Andy Brough from Schroders discuss the news.
The departing finance director of Standard Chartered will be paid for six months after leaving, despite resigning of his own accord.
Citigroup has picked AIA as its partner in a deal that allows the insurer's products to be sold through the U.S. bank's network. The FT reports.
Royal Bank of Scotland will pay $100 million to resolve U.S. probes into whether the bank violated U.S. sanctions laws against Iran, Sudan, Burma and Cuba.
India's November exports rose 5.86 percent from a year earlier, while imports fell 16.37 percent, the country's trade ministry said on Wednesday.
Bob Diamond is making a dramatic return to banking, launching a vehicle with Africa's youngest billionaire. The Financial Times reports.
Goldman Sachs may be one of the last firms standing as a rocky romance between Wall Street and raw material markets turns sour.
Deutsche Bank pulled the plug on its global commodities trading business, cutting 200 jobs as it becomes the first major bank to exit the sector.
Indian shares outperformed on Thursday while the rest of region declined on uncertainty over when the Federal Reserve may taper its stimulus program.
European equities closed lower after U.S. jobs data increased concerns that the Federal Reserve would "taper" its bond-buying program soon.
Asia-focused bank Standard Chartered said its income this year is likely to be similar to 2012, after a slowdown in Asian growth.
RBI's Raghuram Rajan has promised to remake the country's banking sector as he seeks to introduce a new era of competition. The FT reports.
The probe into foreign exchange manipulation has widened to include the world's biggest banks and actively traded currencies. The FT reports.