Standard Chartered remains committed to expanding its presence in Africa, the firm's executive director told CNBC.
HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs globally, as it seeks to drive earnings and dividend growth in the face of muted revenue.
European shares closed lower on Monday, having pared losses after retail sales data in the U.S. came in better-than-expected. However, shares remained near the five-year highs hit in last week's global rally.
Standard Chartered's asset quality is deteriorating and investors are miscalculating risk in the loan book of the British lender, according to Carson Block, founder of U.S.-based short seller Muddy Waters.
Carson Block, Founder of Muddy Waters Research, discusses why he believes the market is underestimating the risk in Standard Chartered's loan book.
Standard Chartered said on Wednesday its first quarter operating profit was likely to be slightly lower than a year ago as an increase in hiring, and wages, pushed up costs.
Thailand's richest man bid $6.6 billion to buy cash-and-carry wholesaler Siam Makro from Dutch firm SHV Holdings, the biggest Asia-Pacific M&A deal this year.
The Senate Banking Committee is set to hold a hearing on Thursday to examine whether regulators inappropriately "outsource" oversight to consultants that are paid billions of dollars by the banks. The NY Times reports.
The Cyprus bailout chaos serves as a stark reminder that fundamental issues in the world economy are not yet fixed, said CEO of Standard Chartered Bank Peter Sands.
As investors monitor the situation in Cyprus, CNBC's Christine Tan spoke to Peter Sands, CEO of Standard Chartered about his views on the crisis in the Mediterranean.
Asian shares hit fresh highs on Wednesday, extending the previous day's rally after a record close for the Dow Jones stock index on upbeat U.S. economic news gave risk appetite a further boost.
Fresh regulations on banker bonuses is a risk for Standard Chartered, warned CEO of the bank's Asia division, Jaspal Bindra, who said an unfair amount of attention has been paid to the issue.
Jaspal Bindra, Asia CEO at Standard Chartered, tells CNBC how the bank managed to post a $6 billion profit despite being hit by a whopping $667 million fine for violating U.S sanctions.
Europe's top equity indexes bounced up to multi-year highs on Tuesday, buoyed by the breach of key technical levels, a crop of upbeat corporate outlooks and prospects of continued stimulus from global central banks.
Rallies in Shanghai and Sydney helped Asian stocks rebound on Tuesday as Japanese shares hit a four-and-a-half year closing high and investors cheered China's pledge to boost spending at its annual parliamentary meeting.
Standard Chartered reported pre-tax profit of $6.88 billion for 2012, an increase of 1 percent from a year earlier but below analyst expectations.
The City of London's big banks are considering suing the EU over rules to cap bonuses after receiving legal advice that the pay regulation could be struck down in court. The Financial Times reports.
Cyrus Daruwala, Managing Director, Asia Pacific, IDC Financial Insights discusses the implications of banking bonus cuts on financial institutions like HSBC & Standard Chartered.
HSBC and Standard Chartered will report a reduction in their bonus pools, reflecting separate settlements with U.S. authorities over probes into money laundering and sanctions violations, Sky News reported on Sunday.
Here are five questions on the bank bonus cap: how it works, how you can avoid it, whether it will pass and what it means for Britain.