Saturday 10 January 2015

Standard Chartered to axe further 2,000 jobs

POLITICAL ECONOMY
Standard Chartered to axe further 2,000 jobs
Hong Kong (AFP) Jan 8, 2015 - Standard Chartered said Thursday it would close a swathe of its global equities business and axe 2,000 jobs around the world this year as it tries to make savings of $400 million as part of a structural overhaul. The Asia-focused British bank said it had already announced or completed 2,000 job cuts in its retail clients business in the past three months, but 2,000 more were "expected during ... more


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