trending Market Intelligence /marketintelligence/en/news-insights/trending/shqmqwz2vbln74zv7pmmva2 content esgSubNav
In This List

Standard Chartered Bank to transfer Singapore ops to local unit

Blog

Commercial Banking: June 22nd Edition

Blog

Commercial Banking Newsletter June Edition - 2022

Podcast

Street Talk | Episode 96: Considering recession risks, prospects that the Fed achieves a 'soft landing'

Case Study

Actions to Reduce Emissions at an Asian Financial Services Firm


Standard Chartered Bank to transfer Singapore ops to local unit

U.K.-based Standard Chartered Bank disclosed plans to consolidate its commercial banking, corporate and institutional banking and private banking businesses in Singapore, saying the move reflects "its long-term commitment" to the Southeast Asian country.

The businesses, which are currently operating under Standard Chartered Bank - Singapore Branch, will be transferred to Standard Chartered Bank (Singapore) Ltd., subject to legal and regulatory approvals. The transfer is expected to complete in the next 12 to 18 months.

Standard Chartered Plc is the ultimate parent of Standard Chartered Bank.