StanChart planning to simplify structure to curb costs – Bloomberg
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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