StanChart CEO says ESG is good for business

Bill Winters, Chief Executive Officer at the Standard Chartered Bank, attends a panel session of the World Governments Summit in Dubai on February 12, 2024. Ryan Lim | Afp | Getty Images Standard Chartered chief executive Bill Winters says environmentally conscious investing can be good for business, dismissing the impact of a U.S. crusade against … Read more

Standard Chartered shares slide 12% as China losses hit earnings

Standard Chartered shares slid Thursday as the bank’s big bet on China hit a stumbling block, leading to significant losses in the country. Shares of the Asia-focused bank tanked as much as 17% in early deals, sparking a temporary halt in trade. The stock was around 10% lower by 11:15 a.m. London time. The U.K.-headquartered … Read more

HSBC-backed startup is using AI to help banks fight financial crime

The co-founders of Silent Eight, from left to right: Michael Wilkowski, Julia Markiewicz and Martin Markiewicz. Silent Eight WARSAW — When it comes to financial crime, banks can often be “one decision away from a huge mess,” Martin Markiewicz, CEO of Silent Eight told CNBC. That’s because the risk of fines and reputational damage is high … Read more