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Standard Chartered To Cut 10% Of Corporate, Institutional Banking Staff: Report

Job cuts at Standard Chartered will be rolled out beginning this week, the report said.
Job cuts at Standard Chartered will be rolled out beginning this week, the report said.
Singapore/Hong Kong: Standard Chartered is set to cut about a tenth of its global corporate and institutional banking headcount, sources with direct knowledge of the matter said on Monday, as the bank steps up an aggressive drive to cut costs. Chief Executive Bill Winters this month branded the bank's income and profit unacceptable, as below-forecast third-quarter results underlined the challenges facing his overhaul. The job cuts ...
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