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Feb 04 2021, 1:42 PM February 04 2021, 8:17 AM February 04 2021, 1:42 PM (Bloomberg) Standard Chartered Plc is giving up several floors in its main offices in Hong Kong, as global banks accelerate efforts to cut costs and the pandemic upends work styles. (Bloomberg) Standard Chartered Plc is giving up several floors in its main offices in Hong Kong, as global banks accelerate efforts to cut costs and the pandemic upends work styles. The U.K. lender is relinquishing the lease on eight floors it occupies in its Standard Chartered Bank Building in Central, and will rent out three levels in its Kwun Tong office that it owns, according to marketing materials seen by Bloomberg. The office space will become available between next month and April next year. ....
LONDON (dpa-AFX) - Standard Chartered Plc (SCBFF.PK, STAC.L, STAN.L) reported Thursday that its fourth-quarter statutory loss before taxation was $449 million, compared to last year's profit ....
Lender paused restructuring in 2020 because of the pandemic Standard Chartered Plc is preparing further job cuts as the emerging markets lender continues a restructuring that was postponed by the onset of the pandemic. The London-headquartered bank is expected to cut several hundred staff next month across its global businesses, with the reductions focused on more junior employees, according to people familiar with the matter. The bank has about 85,000 employees around the world. Job cuts restarted in the second half of last year as Standard Chartered, like other major lenders, faced pressure to curtail costs to cope with the impact of the pandemic. It’s one of a handful of large European banks that have resumed job reductions in the past months including HSBC Holdings Plc and Deutsche Bank AG. ....