devonplay
23 May 2019
This morning's Investor Day Presentation [link] DL
devonplay
30 Apr 2019
RI “The first quarter demonstrated our determination to deliver the refreshed strategic priorities at pace. We announced a number of digital initiatives across Hong Kong, Africa and India aimed at growing our customer base and enhancing our services. Our first quarter profit supports our belief that we will generate full-year returns of at least 10% by 2021. The resolution of our legacy conduct and control issues means we can now manage our capital position more dynamically. We will maintain our strategic investment programme and start to buy back $1 billion of our shares, reflecting our confidence in our ability to execute the strategy and create long-term shareholder value.†Why does Bill Winters always make me think of country & western music lol On a serious note, the “resolution of our legacy conduct and control issues†is really positive news. A decent set on numbers. But has it gone ex-growth? DL
stutes
20 Apr 2019
Team Brexit messed up again? Conservative party have a working majority so the question is why is it unable to deliver Brexit. It is split. I also read if UK opts to go WTO tariff route, countries who subsequently do trade deals with UK can request their goods are on subject to the lowest tariff charged by UK. UK plc would be exposed to lower cost countries gaining at the expense of UK companies and UK could be in trade fights similar to USA. Trump is doing trade deals and Conservative UK Government should do a deal with EU. The WTO option appears to hurt the UK more and weakens UK’s trade negotiating position. If they can’t let’s have a new Government who can - it should be cheaper?
Ripley94
05 Apr 2019
RI STAN … XXXXX Bed and ISA … 646.5 / 643.5 buy back … hard work took 1 hour
nest_of_rampers
03 Apr 2019
Team Brexit messed up again? leave with no deal please sign Petitions - UK Government and Parliament Petition: Leave the EU without a deal in March 2019. We are wasting Billions of pounds of taxpayers money trying to negotiate in a short space of time. Leaving the EU in March 2019 will allow the UK good time to negotiate more efficiently. The EU will be more eager to accept a deal on our terms having...
frog_in_a_tree
08 Mar 2019
Team Brexit messed up again? Are you a painter and decorator? Certainly talented as a wallpaper! Frog
nest_of_rampers
08 Mar 2019
Team Brexit messed up again?
devonplay
26 Feb 2019
Standard Chartered resets growth strategy with cost cutting, divestment plans U.K. – 26 Feb 19 Standard Chartered resets growth strategy with cost cutting,... Standard Chartered PLC on Tuesday said it would cut $700 million in costs and ex... DL
devonplay
21 Feb 2019
Provision in respect of legacy financial crime control and FX trading issues Standard Chartered continues its discussions relating to the potential resolution of the previously disclosed investigation by the US authorities relating to historical violations of US sanctions laws and regulations. Standard Chartered has received a decision notice from the UK Financial Conduct Authority’s Regulatory Decisions Committee (RDC) relating to the previously disclosed investigation by the Financial Conduct Authority concerning the group’s historical financial crime controls, and is considering its options in relation to this decision notice. The decision notice imposes a penalty of £102,163,200 (net of a 30% early settlement discount) on the group. Standard Chartered’s 2018 fourth quarter results will include a provision totalling USD900 million for potential penalties relating to the above US investigation and FCA decision, and for previously disclosed investigations relating to FX trading issues, including the January 2019 settlement announced last month. This provision reflects management’s current view of the appropriate level of provision. Resolution of the US investigation and of the FCA process might ultimately result in a different level of penalties. Standard Chartered will be releasing its 2018 full year results on 26 February 2019. [link] DL
stutes
11 Jan 2019
Team Brexit messed up again? cityam.com – 11 Jan 19 Brexit 'likely to be delayed beyond 29 March' Brexit will be delayed beyond 29 March, it is reported, as six key bills must be passed before the UK can leave the EU. Over 2yrs to sort things out for a smooth Brexit and Team Brexit are likely to miss the deadline… If Banks have to be ready for deadlines so should politicians. Let them work 24/7 without overtime. The UK economy needs certainty.
Boyobach
02 Jan 2019
Time to buy? Back in October I asked if Stan had reached its low. Maybe it did around the 25th. But it does need to overcome the falling blue trend that has pushed it back this last few weeks.
devonplay
31 Oct 2018
Interim Management Statement Commenting on the performance, Bill Winters, Group Chief Executive, said: “The results for the first nine months of the year reflect our focus on significantly improving profitability, balance sheet quality, conduct and financial returns. Income growth year-on-year was slightly lower in the third quarter impacted by Africa and the Middle East and we remain alert to broader geopolitical uncertainties that have affected sentiment in some of our markets. But growth fundamentals remain solid across our markets and we are cautiously optimistic on global economic growth.†[link] DL
Boyobach
29 Oct 2018
Time to buy? So, is STAN very near the bottom or is there one more support to go ? image.png1118x722 110 KB
devonplay
29 Oct 2018
StanChart first foreign bank to get China fund custody licence HONG KONG (Reuters) - Standard Chartered Bank (China) has become the first foreign bank to be granted a licence to provide custody services to domestic funds and asset managers in China, the bank said on Monday, as Beijing took another step towards opening its capital markets. U.K. – 29 Oct 18 StanChart first foreign bank to get China fund custody licence Standard Chartered Bank (China) has become the first foreign bank to be granted ... DL
Boyobach
18 Oct 2018
Time to buy? Boyobach: @Yee_Wo, August: 647p as I type, Time to Buy yet?(!!). Hi Yee, Just under two months on and another quid off - Time to buy or add yet?? Methinks not.
