Bank on Tuesday announced restructuring plans, including job cuts
Standard Chartered has said that it is
making "good progress" with its plan to reduce its commodities
exposure as the bank on Tuesday said it will cut 15,000 roles
by 2018 amid a group-wide restructuring programme.
A spokesperson for the Asia-focused bank
told FOW that Standard Chartered is making good progress on
cutting its commodity exposure, with "exposure down 30%
The news comes after Standard Chartered on
Tuesday announced a new group-wide strategy with the goal of
creating a "lean, focused and more profitable banks," with
plans including a simplified organisational structure which
will see 15,000 roles removed over the next three years.
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