Standard Chartered PLC provides consumer and wholesale banking services in Asia, Africa, and the Middle East. The company operates approximately 1,600 branches and outlets located in approximately 70 countries. Segments The company is organized on a worldwide basis into two main business segments: Consumer Banking and Wholesale Banking. Consumer Banking: Consumer Banking offers a range of products and services to meet the borrowing, wealth management and transaction needs of individuals, and small and medium enterprises (SMEs) in markets and customer segments across Asia, Africa, and the Middle East. Wholesale Banking: Wholesale Banking provides trade finance, cash management, securities services, foreign exchange and risk management, capital raising, and corporate finance solutions. The company serves local and global companies and financial institutions doing business for and in Asia, Africa, and the Middle East. The Wholesale Banking portfolio is diversified across both geography and industry, such as manufacturing, financing, insurance and business services, commerce, transport, storage, and communication. Significant Events Islamic Banking in Malaysia: Standard Chartered Saadiq Berhad was launched in Malaysia for Shariah-compliant products in 2008. Its Islamic financial centre offers services ranging from property and personal financing to corporate financing. Acquisitions: The company’s acquisitions in 2008 included a majority stake in UTI Securities, an Indian retail brokerage; Yeahreum Mutual Savings Bank in Korea; Asia Trust and Investment Corporation, a bank in Taiwan; Lehman Brothers’ Brazilian franchise; and JPMorgan Cazenove’s Asian brokerage operations.
standard chartered plc
(2888:Hong Kong Stock Exchange)
1 Basinghall Avenue
London, EC2V 5DD
Phone: 44 20 7885 8888
Fax: 44 20 7885 9999www.sc.com
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|State Street Corp||$60.02 USD||-1.04|
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|Price/Cash Flow||NM||Not Meaningful|
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