Standard Chartered Announces New Share Buyback After Strong Profits
Standard Chartered has announced a new share buyback program worth £750 million, following a period of record profits. This move comes as the bank reports a strong capital position and embraces AI technology.
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StanChart Has Strong Capital Position, CEO Winters Says
Standard Chartered Chief Executive Officer Bill Winters says the bank is happy with earnings as results beat expectations. "We feel very, very good about the momentum that we've got," he tells Bloomberg's Lizzy Burden. Winters speaks on Bloomberg Television after the London-based lender unveiled a fresh $1 billion share buyback, adding that Standard Chartered has a "strong capital position." (Source: Bloomberg)
Read full article →Standard Chartered launches $1bn share buyback as bank embraces AI
Asia-focused UK lender has embarked on cost-cutting plan that includes reducing back-office jobs
Read full article →Standard Chartered launches fresh £750m share buyback after record profits
Bill Winters, chief executive of Standard Chartered, said the new shareholder returns ‘reflect our confidence in the business’.
By Anna Wise
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