Standard Chartered to slash 10 per cent of worldwide corporate, institutional banking jobs
Standard Chartered will cut a tenth of its global corporate and institutional banking workforce in an attempt to reduce overheads and restore profitability. To be announced this week, the cuts come as part of plans to increase returns according to commitments made to shareholders last November. The bank said in a statement that it will continue to focus on and invest in markets that generate the greatest returns.
A Standard Chartered logo has been seen at The Forum occupied by Standard Chartered in Central. Photo: Sam Tsang