Standard Chartered Bank
From Wikipedia, the free encyclopedia
 | |
| Type | Public |
|---|---|
| Founded | 1853 |
| Headquarters |  London, England, UK |
| Key people | E. Mervyn Davies CBE, Chairman Peter Sands, Chief Executive |
| Industry | Banking |
| Products | Financial Services |
| Revenue | $16,378 million (2008) |
| Operating income | $4,568 million (2008) |
| Net income | $3,511 million (2008) |
| Employees | 73,000 (2008) |
| Website | www.standardchartered.com or www.sc.com |
Standard Chartered Bank (LSE: STAN, SEHK: 2888,OTCBB: SCBFF) is a British bank headquartered in London with operations in more than seventy countries. It operates a network of over 1,700 branches and outlets (including subsidiaries, associates and joint ventures) and employs 73,000 people.
Despite its British base, it has few customers in the United Kingdom and 90% of its profits come from Asia, Africa, and the Middle East. Because the bank's history is entwined with the development of the British Empire its operations lie predominantly in former British colonies, though over the past two decades it has expanded into countries that have historically had little British influence. It aims to provide a safe regulatory bridge between these developing economies.
It now focuses on consumer, corporate, and institutional banking, and on the provision of treasury services—areas in which the Group had particular strength and expertise.
Standard Chartered is listed on the London Stock Exchange and the Hong Kong Stock Exchange and is a constituent of the FTSE 100 Index. Its largest shareholder is Temasek Holdings.[1]
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