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StanChart to cut 10% of corporate, institutional banking staff: sources
Published Mon, Nov 28, 2016 · 09:50 PM
Singapore
STANDARD Chartered is set to cut about a 10th of its global corporate and institutional banking headcount, sources with direct knowledge of the matter said on Monday, as the bank steps up an aggressive drive to cut costs.
Standard Chartered chief executive Bill Winters this month branded the bank's income and profit unacceptable, as below-forecast third-quarter results underlined the challenges facing his overhaul.
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