|Bid||672.80 x 0|
|Ask||673.20 x 0|
|Day's Range||669.00 - 678.20|
|52 Week Range||515.60 - 799.40|
|Beta (5Y Monthly)||0.87|
|PE Ratio (TTM)||8.97|
|Earnings Date||Jul 28, 2023|
|Forward Dividend & Yield||0.15 (2.20%)|
|Ex-Dividend Date||Feb 23, 2023|
|1y Target Est||8.47|
(Bloomberg) -- AviLease, a jet lessor owned by Saudi Arabia’s Public Investment Fund, is in advanced talks to acquire an aviation finance business from Standard Chartered Plc, people with knowledge of the matter said.Most Read from BloombergUkraine Dam Blast Blamed on Russia Tips War Into New PhasePGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUS Crypto Crackdown Reaches Fever Pitch as SEC Sues CoinbaseApple Headset Looks Sleek in Person But Battery Pack Stands OutApple’s $3,499
Standard Chartered and AviLease parent PIF both declined to comment on Reuters' request. The deal would help AviLease, launched last year, boost its presence in key leasing markets in the Middle East and other parts of the world, the Bloomberg report added.
(Bloomberg) -- Saudi Arabia’s top energy official issued another warning to oil short-sellers, just over a week before the OPEC+ alliance is due to meet.Most Read from BloombergCarl Icahn Is $15 Billion Poorer After Hunter Becomes the HuntedMcCarthy Says Debt Deal Remains Elusive as Negotiations ResumeChina’s $23 Trillion Local Debt Mess Is About to Get WorseRussia Pushes India for Help to Avert Global Financial IsolationSaudi Energy Minister Tells Oil Speculators to ‘Watch Out’Riyadh and its pa
A look at how the major markets are performing on Monday.
LMAX Digital and Zodia Custody are to provide institutional-grade trading infrastructure and custody to CoinShares.
(Bloomberg) -- Saudi Arabia has sold $6 billion of Islamic bonds, just as weaker oil prices push the kingdom’s budget into a deficit.Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersDow Average Sinks 1% With Washington in Focus: Markets WrapGoogle Billionaire Sergey Brin Gifts $600 Million in Surging SharesChicago’s Empty Office Towers Threaten Its Future as a Major Financial HubSingapore Airlines Posts Highest Profit in 76-Year HistoryThe country
HONG KONG (Reuters) -Standard Chartered is hiring at least 100 staff in China as the British lender gears up to launch an investment banking unit in the country targeting niche bond deals, the chairman-designate of the new entity said. The Beijing-based unit, which was awarded a licence in January, is being targeted for launch as early as the end of this year once it is cleared by local regulators, said John Tan, who is also StanChart's Asia head of financial markets. China requires an investment bank to have no less than 10 qualified professionals to start operations.
(Bloomberg) -- The idea that banks are too big to fail needs to be reviewed in the wake of the recent turmoil that’s seen the collapse of four US lenders, including Silicon Valley Bank, according to Standard Chartered Plc Chief Executive Officer Bill Winters. Most Read from BloombergPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateWhy Airfares, Hotels and Cars Are Getting So Expensive for Americans
By buying an index fund, investors can approximate the average market return. But if you choose individual stocks with...
Year to date, Bitcoin (CRYPTO: BTC) is up 78%, and that's after a minor pullback that saw it lose nearly 10% of its value after briefly touching the $30,000 level for the first time in nearly 10 months. At the same time, Bitcoin continues to outperform just about every other major cryptocurrency. In mid-April, Standard Chartered Bank issued a new price target of $100,000 for Bitcoin for year-end 2024.
Standard Chartered Plc said on Friday it has changed its target for curbing carbon emissions associated with its loans to oil and gas companies, ditching a methodology that critics say allows climate-damaging emissions to rise. The Asia, Africa and Middle East-focused bank had previously set a 2030 target to reduce the emissions 'intensity' of loans to the sector by 30% from 2020 levels. As a result, carbon emissions can increase in absolute terms even when emissions intensity goes down, because businesses can become more efficient in reducing emissions and still emit more in total when their activity goes up.
LONDON, April 26, 2023-- As Agent Bank, please be advised of the following rate determined on: 4/26/2023Issue
(Reuters) -European shares closed lower for the second straight session on Wednesday, weighed down by a slide in healthcare stocks after Brussels published a long-awaited draft of its proposed overhaul of laws governing the European Union's pharmaceuticals industry. The pan-European STOXX 600 index fell 0.8%, with healthcare stocks tumbling 2.5%, clocking its worst performance since late January, 2022. The proposal, which is the biggest overhaul of existing medical laws in two decades, is aimed at ensuring all Europeans have access to both innovative new treatments and generic drugs, and ending huge divergences in access and price between countries.
Standard Chartered PLC (StanChart) on Wednesday said first-quarter profit jumped 21%, beating expectations, as rising interest rates buoyed income from its cash management and retail banking businesses. Chief Executive Bill Winters said he now expects income for the emerging markets-focused lender to grow around 10% this year, the top of a previously guided range. The earnings update showed how rising central bank rates have boosted revenue, as StanChart charged borrowers more interest while not passing all of the increase to depositors.
Market analysts reveal what could be on the cards for UK bank earnings this week.
The report noted that the crypto winter is finally over and bitcoin halving is set to be a positive catalyst for the price.
Tanzania's auditor general has accused Standard Chartered of demanding that the state rail company hire a Turkish contractor who overpriced the cost of building track in a $10 billion mega-project. The bank denied the claim and Turkish construction company Yapi Markezi could not be reached for comment. President Samia Suluhu Hassan's government, which is completing big transportation projects begun by her late predecessor John Magufuli, has been taking action over some past deals where corruption is suspected.
Key Insights Significantly high institutional ownership implies Standard Chartered's stock price is sensitive to their...
Standard Chartered has redeemed a $1 billion so-called additional tier one (AT1) bond in a move announced before holders of similar securities were wiped out in last month's rescue of Credit Suisse. The $275 billion global market for AT1 bonds, part of bank capital buffers that insulate taxpayers from funding bailouts, was rocked by Swiss authorities' decision on March 19 to write down $17 billion of the Credit Suisse securities. Banks typically redeem AT1 bonds at the earliest opportunity, analysts have said, meaning StanChart's decision to call its bond as planned could provide some reassurance.
Oil traders ran for the exit during the last major sell off in oil, and now the latest Commitment of Traders report has revealed where that oil money flowed to
DUBAI (Reuters) -Standard Chartered plans to sell its Jordanian business to Arab Jordan Investment Bank (AJIB), the two parties said on Sunday, as the emerging markets-focused lender presses ahead with plans to exit seven markets in Africa and the Middle East. The bank entered into an agreement with AJIB, subject to central bank approval, which will see Standard Chartered's corporate, commercial and institutional banking, consumer lending and private banking businesses migrated to AJIB. All Standard Chartered Bank employees in Jordan will be transferred to AJIB, it said an emailed statement.
Commodity experts at Standard Chartered are saying that the path of least resistance for oil prices at this point is higher, not lower
HONG KONG (Reuters) -Standard Chartered Chief Executive Bill Winters said on Friday Credit Suisse AG's $17 billion Additional Tier 1 bonds wipeout had "profound" implications for global bank regulations. Winters told a financial forum in Hong Kong the U.S. Federal Reserve move to guarantee non-insured deposits was a "moral hazard". As part of the deal for UBS Group AG to take over Credit Suisse, the Swiss regulator determined that Credit Suisse's AT1 bonds with a notional value of $17 billion would be wiped out, a decision that stunned global credit markets and angered many holders.
Banking stocks fell in London and across Europe as the Credit Suisse rescue deal failed to reassure investors.
US stocks edge higher as European stocks and the FTSE 100 fall following the Credit Suisse takeover announcement.