Tuesday, February 3, 2015

StanChart considering sale of Philippines retail unit-source

SINGAPORE/MANILA, Feb 3 (Reuters) - Standard Chartered (Other OTC: SCBFF - news) is looking to sell its retail business in the Philippines, part of a wider bid by embattled CEO Peter Sands to cut costs and shrink the bank's asset base, a person with direct knowledge of the matter said. The London-listed bank, which entered the Philippines in 1872, would continue to operate its corporate banking ... More here: StanChart considering sale of Philippines retail unit-source

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