Plus   Neg

Standard Chartered Reportedly To Cut Dubai, Singapore Jobs

Standard Chartered Plc (SCBFF.PK,STAC.L,STAN.L) is cutting jobs in Dubai and key markets including Singapore as it looks to curb expenses, Bloomberg reported citing people familiar with the matter said.

Some senior roles are included in the cuts. As many as 100 positions may be impacted in Dubai although the number hasn't been finalized, the report said.

The eliminations also include leadership at the firm's priority banking operations, which offer personalized wealth-management services, one of the people said. The bank is weighing a plan to simplify its structure, reduce funding expenses and free up liquidity, the report said.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The US military stated that five American Marines who have been missing since two US Aircraft collided off the southern coast of Japan are dead. US Marine Corps Lt Gen Eric Smith, commanding general, III Marine Expeditionary Force, made the announcement Tuesday, after five days of search and rescue operations for the missing US marines were concluded. "Every possible effort was made to recover o Just hours before a meeting with top Democratic leaders, President Donald Trump attacked the party as weak on border security in a series of posts to Twitter on Tuesday. Trump accused Democratic lawmakers of wanting "open borders" and opposing border security for "strictly political reasons." UNICEF announced a $100,000 fund to six blockchain startups to solve global challenges using blockchain technology. The United Nations' charity arm for children said that the UNICEF Innovation Fund will invest the money in six companies - Atix Labs from Argentina, Onesmart and Prescrypto from Mexico, Statwig from India, Utopixar from Tunisia and W3 Engineers from Bangladesh.
Follow RTT