sc · 21h
Standard Chartered explores the sale of a small number of businesses to boost investment in its affluent franchise
Standard Chartered PLC (the Group) announces the first in a small number of potential business exits to fund incremental investment in its leading wealth management business. This aligns with the refreshed strategic priorities shared in the Group’s third quarter 2024 (Q3’24) results,
London South East · 22h
TOP NEWS: Standard Chartered eyes sale of some African subsidiaries
(Alliance News) - Standard Chartered PLC on Wednesday said it is considering selling a number of businesses in Africa to fund investment elsewhere on the continent. The British bank said subsidiaries in Botswana, Uganda and Zambia, which formed part of its wealth and retail banking arm, could be on the chopping block.
Daily Monitor · 16h
Standard Chartered mulls sale of wealth, retail operations in Uganda
Mr Sanjay Rughani, the Standard Chartered Bank Uganda chief executive officer, said Wednesday evening that they had started the process of selling off the business arm of wealth and retail banking services, which is expected to be completed in about 18 to 24 months. “We are still waiting for regulatory approval,” he said.
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