* StanChart to retain corporate banking in Philippines - source * Has over 500 staff in nation, two-thirds of whom are in retail * EastWest Banking exec says will consider bid for StanChart unit (Adds details on StanChart turnaround plan, Philippines banking) By Saeed Azhar and Neil Jerome Morales SINGAPORE/MANILA, Feb 3 (Reuters) - Standard Chartered is looking to sell its retail business in ... More here: StanChart considering sale of Philippines retail unit-source
Showing posts with label StanChart considering sale of Philippines retail unit-source. Show all posts
Showing posts with label StanChart considering sale of Philippines retail unit-source. Show all posts
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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