#Standard Chartered
It’s the first such initiative to bring together a major global bank, a regulated crypto platform and a traditional asset manager to support secure crypto trading for institutions
The expansion in the private banking business in the Middle East country comes under its strategy to double investments in the business over the next five years
Standard Chartered is among banks that have been extending their foray into the crypto sector as more institutional investors adopt the asset class
This launch marks a major milestone as the first fund structure to be made available to UAE investors under the new UAE regulatory regime for public funds
The jet lessor will acquire a portfolio of 100 narrowbody aircraft and become a servicer for another 22 jets
The country’s transformation to a high-tech manufacturing and innovation hub will see its exports reach around Dhs2tn by 2030
Standard Chartered’s corporate, commercial and institutional banking, and consumer, private and business banking businesses in Jordan will move to AJIB
While FAB said it’s no longer evaluating a possible offer, the news sent shares in the London-listed lender higher as investors weighed the prospects of any deal
The deal was structured, financed and arranged exclusively by Standard Chartered
The markets it plans to exit made up about 1 per cent of total group income in 2021
Following $122bn in debt sales in 2021, governments and companies will probably front-load much of their funding needs this year
The bank has executed the facility to support Amplus Energy Solutions
The move widens the services Standard Chartered can offer in the country
The move was implemented as per the directives of the UAE President Sheikh Khalifa bin Zayed Al Nahyan
The company had begun reviewing its options at the start of the year
The adoption rate for digital wealth management solutions has increased dramatically during the pandemic
The bonds are likely to be offered as soon as this week
In February last year, the British bank received approvals from Saudi Arabia’s financial regulator to open a branch in the kingdom
The bank had agreed to close some customers’ UAE accounts in an anti-money laundering settlement with US regulators announced on Tuesday
The false records cases could be easier to prove than money-laundering.
Standard Chartered may have settled its Iran regulatory dispute for $340 million but investors remain wary.
New York’s top bank regulator has threatened to revoke the bank’s state licence over alleged Iran ties.
New York’s top bank regulator has accused the UK-based bank of hiding $250 billion in transactions tied to Iran.