Standard Chartered exits global cash equity business

8 January 2015 | 2 minutes read

Standard Chartered confirmed today the closure of its global cash equity business. In a press release this morning, the bank announced that it has taken the step as part of a drive to cut US$400 million from its non-core and underperforming assets. The closure comprises departments across institutional cash equities, equity research and equity capital markets (ECM). Shutting the loss-making institutional…

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