Standard Chartered PLC

Standard Chartered set new targets for reducing its funding to carbon intensive sectors by 2030, as part of a broader goal to reach net zero emissions for itself and its clients by 2050.

Standard Chartered Plc announced a 10-year fintech partnership with Singapore-based Atome Financial on Wednesday to help it grab a piece of the booming buy now, pay later market in Asia that has thrived during the pandemic.

Standard Chartered Plc said on Wednesday it would provide $500 million in financing to help Singapore-based fintech Atome expand its buy now, pay later services in parts of Southeast Asia.

HSBC and Standard Chartered could face spillover damage to their profits and balance sheets from the debt crisis enveloping China Evergrande Group even though the two banks say they have limited their direct exposure, analysts have warned.

The crisis at indebted developer China Evergrande Group will not curb Standard Chartered's appetite for investing in the country, its Chief Financial officer Andy Halford told a banking conference on Thursday.

A new cryptocurrency research team at Standard Chartered has predicted bitcoin will double in value and hit $100,000 by early next year and that it could be worth as much as $175,000 longer-term.

Standard Chartered said on Monday that it had arranged $1.1 billion of financing to the Angolan government for a water supply project that will serve its capital Luanda.

Companies should not rely on governments to reach agreement at a global summit on climate change this year, but rather take more action themselves, Standard Chartered CEO Bill Winters said on Tuesday.

The Nigerian government on Wednesday picked JP Morgan, Citigroup, Standard Chartered and Goldman Sachs as international bookrunners on a forthcoming eurobond issue, the country's debt office said.

Standard Chartered has begun offering banking services through its branch in Saudi Arabia with a team of 25 people, the bank said on Thursday, as it boosts its presence in the Arab world's biggest economy.

Ghana's finance ministry has signed a loan agreement worth 280 million euros ($334 million) with Standard Chartered to fund a new section of highway, the British bank said on Monday.

A Standard Chartered PLC unit intends to establish a cryptocurrency brokerage and exchange platform in Britain and Europe, targeting institutional clients, the bank said on Wednesday.

Singapore bank DBS, Standard Chartered, Singapore Exchange, and state investor Temasek Holdings said on Thursday they are teaming up to develop a global exchange and marketplace for high-quality carbon credits.

* Cash management business hit by low rates, wealth management strong

Standard Chartered PLC posted on Thursday a higher- than-expected 18% rise in first-quarter pre-tax profit, as the emerging markets-focused bank began recovering from the economic hit caused by the coronavirus pandemic.

* Sets dividend of 10.5 shillings per share (Adds wealth management)

Standard Chartered is likely to reduce its office space by a third in the next three to four years, Chief Financial Officer Andy Halford told Bloomberg TV in an interview.

Standard Chartered PLC (StanChart) on Thursday posted a 57% fall in annual profit, missing analyst estimates, as the Asia-focused bank struggled with fall out from the COVID-19 pandemic.

UBS has hired Standard Chartered banker Axel Granger as its Southeast head of M&A and financial sponsors, two people with direct knowledge of the matter said on Tuesday.