StanChart Explores Reopening Its Private Bank in Switzerland

Standard Chartered Plc is considering reestablishing its private bank in Switzerland as part of the lender’s efforts to bulk up its offerings for wealthy customers.

The company is weighing reopening an office in Geneva as part of the deliberations, according to people familiar with the matter. Standard Chartered likely wouldn’t reestablish its presence in the city until 2027 at the earliest, one of the people said, asking not to be identified discussing non-public information.