27 Nov 2018
(Reuters) – Standard Chartered Plc (STAN.L) is considering simplifying its structure as it looks to curb costs across its networks from Zambia to Macau, Bloomberg reported bloom.bg/2P3jiBW on Monday, citing sources.
The London-based bank is looking for ways to free up liquidity and reduce funding expenses within its different legal entities, the report added.
– By Mekhla Raina, Reuters, 26 November 2018.
Link to Reuters.
STORY UPDATE – 27 November 2018: A StanChart spokesman said: “Standard Chartered has made substantial progress in executing the transformation plan laid out in 2015; we will set out how we will develop the Group and deliver higher returns at our full year 2018 results in February.”
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