StanChart Weighs Break Up of Corporate, Investment Bank
- CEO Bill Winters has been seeking to boost the bank’s returns
- Revamp of unit is one of several options said to be considered
This article is for subscribers only.
Standard Chartered Plc is considering restructuring its institutional banking arm, the unit that houses the firm’s investment bankers and traders, as part of the latest effort by Chief Executive Officer Bill Winters to improve the lender’s returns.
The lender has been weighing options including separating its investment bank from its corporate and commercial banking operations, according to people familiar with the matter. The move could lead to job cuts and is one of several possibilities being weighed with no final decisions made yet, the people said, asking not to be identified discussing matters still under consideration.