- Standard Chartered (OTC:SCDRF, OTCPK:SCBFF) plans to cut 80-100 retail branches in 2015 as part of its plan to save $400M a year to improve profitability, according to slides released at an investor roadshow.
- The bank is holding a three-day roadshow to convince analysts and investors it can revive the bank's fortunes after three profit warnings this year and several regulatory issues.
- Standard Chartered had 1,248 branches at the end of June.
- Previously: U.S. prosecutors reopen Standard Chartered investigations
- Previously: Standard Chartered, NY banking regulator near settlement