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.
British Prime Minister David Cameron arrives in India on Monday to try to win new investment in the face of fierce global competition.
Investors are betting Indian bonds are set for their biggest rally since the global financial crisis, wagering that a government will put fiscal discipline ahead of election largess.
Barclays set aside another 1 billion pounds ($1.6 billion) to compensate customers for mis-selling products, dropping another British banking bombshell as the industry struggles with the scale of redress for past misdemeanors.
Shares of Chinalco Mining Corp International, a unit of China's top aluminium group, Aluminum Corp of China (Chinalco), fell as much as 11.4 percent on their Hong Kong debut on Thursday, a week after pricing its $400 million initial public offering near the mid-point of an indicative range.
Natural attributes - demographics and agriculture - are all in Africa's favor, says V. Shankar, executive director of Standard Chartered, and governance is improving.
The nascent market for "dim sum" bonds - denominated in Chinese yuan but issued outside the mainland - is poised for strong growth this year, gaining traction even as China opens its own markets to lure investors' money directly inside its borders.
While the banking industry is being "attacked" from all sides, Standard Chartered's CEO tells CNBC that the Asia-focused bank is looking forward to the year, which has got off to a good start.
Peter Sands, CEO of Standard Chartered, tells CNBC that they are glad to have settled the US issues and the bank continues to grow with a focus on Asia, Africa and the Middle East.
Yield-chasing investors, whose hunger for income powered a long rally in Asian junk-rated bonds, are finally feeling the first symptoms of indigestion after a year-long binge.
Banks and financial institutions are leading the pack of borrowers that have rushed to the U.S. debt markets at the start of the year. The FT reports.
The economies of the United States, China and much of the developing world have decoupled from Europe, leaving it to wallow in various stages of recession and fiscal disarray.
Asian stock markets edged higher on Thursday on hopes of a steady economic revival in China although gains were marginal compared to the previous session's strong gains as investors took some money off the table and braced for more U.S. budget battles.
Bharti Infratel, backed by billionaire Sunil Mittal, fell as much as 12.7 percent in its trading debut after raising about $760 million in India's biggest IPO in two years, weighed down by a cautious outlook for mobile tower operators.
Asian shares closed mostly higher on Thursday, even though Japan was unable to gain momentum from further stimulus and despite investor worries about the looming "fiscal cliff" deadline, which risks the health of the world's largest economy.
The Swiss government watered-down a plan to try to clean up the country's image as a haven for untaxed assets.