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 bank employs about 1,700 people in the UAE
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.
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