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Standard Chartered CEO cracking down on 'above the law' bankers

Tuesday, June 14, 2016 - 05:50
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Mr Winters, who arrived a year ago, has had to tap investors for US$5.1 billion, while planning 15,000 job cuts.

London

BILL Winters found more than just bad loans when he took over Standard Chartered Plc. He says he uncovered a culture where a few senior managers flouted ethics rules for personal gain and considered themselves "above the law". The lender is cracking down after "recent