Tuesday, 23 February 2016

Standard Chartered in $2.36 bn net loss, to cut 15,000 jobs

Image result for standard chartered bank
Asia-focused bank Standard Chartered swung to a $2.36 billion net loss in 2015 against a backdrop of global market volatility, restructuring costs and bad loans.
Chairman John Peace described the performance as “poor” in what he called a watershed year, which saw the company announce it would axe 15,000 jobs under new CEO Bill Winters.vanguardngr

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