Bank Shrinkage Seen Permanent in Europe and, Later, in U.S.
The 160,000 positions already announced as being on the chopping block are far from the end, with many banks not having revealed the full toll of their changes.
Standard Chartered CEO Comes to New York
Peter Sands, the CEO of Standard Chartered, is in New York and is prepared to attend a hearing ordered by the state’s Department of Financial Services on whether the bank should lose its charter to operate there.
New York on Solid Ground to Sanction Standard Chartered, Experts Say
Experts in the U.S. and abroad say that the bank's internal e-mails give the New York regulator a basis for its unilateral action.