February 13th, 2024
The Malaysian Reserve recently published an article featuring Mark Williams, Master Lecturer of Finance discussing how Standard Chartered Plc is considering restructuring its institutional banking division.
While the bank is considering options like separating its investment bank from corporate and commercial banking to enhance returns, this may result in job cuts.
“The Chinese economy combined with the wobbly commercial real estate market has increased the bank’s urgency in making deep cuts to stem earning declines and improve profits,” Williams adds.
Standard Chartered Plc’s move aligns with industry trends, with rivals like Citigroup and Goldman Sachs making similar decisions.
