trending Market Intelligence /marketintelligence/en/news-insights/trending/nzc_RqIIbC1QmK-qqIH4jw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: StanChart CEO pegs Frankfurt relocation cost at $20M

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Report: StanChart CEO pegs Frankfurt relocation cost at $20M

Standard Chartered Plc's probable expenditure on relocation to Frankfurt could amount to $20 million, CEO Bill Winters told Reuters.

Winters cited Germany's sovereign credit rating as a factor that sealed the bank's decision to choose Frankfurt over Dublin as its post-Brexit EU base, according to the Aug. 4 report.

He noted that "basic sales staff and relationship managers are already in situ across the continent," but that questions remain over where employees will have to be post-Brexit.

The $20 million cost of activating the German subsidiary would go toward the costs of converting it from a branch, Winters said, adding that March 2019 would be when capital, "in the hundreds of millions," would start flowing into the subsidiary, subject to the requirements of Bafin, the German banking regulator.