Standard Chartered Bank Equity Derivatives

Hi buddy I heard Standard Chartered Plc is closing its equity derivatives, is this true , plz let me know about the same here , as my father asking for it ??

Standard Chartered PLC is a British multinational banking and financial services company headquartered in London, England.

Yes Standard Chartered Plc is closing its equity derivatives and convertible bonds operations as Chief Executive Officer Bill Winters sheds businesses that have been a drag on the lender’s performance.

Bank profile:
Type Public limited company
Traded as LSE: STAN
SEHK: 2888
NSE: STAN
OTC Pink: SCBFF
FTSE 100 Component
Industry Banking, Financial services
Predecessor Standard Bank
Chartered Bank
Founded 1969; 48 years ago
Headquarters London, England, UK
Area served Worldwide
Key people José Viñals
(Chairman)
Bill Winters
(Group Chief Executive)
Services Credit cards
Consumer banking
Corporate banking
Investment banking
Mortgage loans
Private banking
Wealth management
Revenue US$ 14.060 billion (2016)
Operating income US$ 0.409 billion (2016)
Net income US$ (0.191) billion (2016)
Total assets US$ 646.692 billion (2016)
Total equity US$ 44.368 billion (2016)

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Answered By StudyChaCha Member