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StanChart targets higher return, to reduce more than 7,000 roles by 2030
HONG KONG, May 19 : Standard Chartered raised a key profit metric on Tuesday that the bank expects to achieve through deep headcount cuts and an expansion of its key wealth business.In a strategy update to investors, StanChart said it would deliver a more than 15 per cent return on tangible equity (ROTE) in 2
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straitstimes.com
StanChart to slash almost 8,000 jobs in AI push
The bank said it will cut more than 15 per cent of support staff by 2030. Read more at straitstimes.com. Read more at straitstimes.com.
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StanChart to slash back-office roles to boost returns
The bank said it will cut corporate functions roles by more than 15 per cent by 2030. Read more at straitstimes.com. Read more at straitstimes.com.
