The latest step in Standard Chartered’s plans to save $400m this year will see it cut its cash equities business and cut a further 2000 retail jobs.

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8th January 2015

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Headline News

Standard Chartered to scrap cash equities business The latest step in Standard Chartered’s plans to save $400m this year will see it cut its cash equities business and cut a further 2000 retail jobs.

Technology & Products

SWIFT customers to get 10% rebate Good news for SWIFT users: the company has announced plans to give a 10% rebate on its 2014 messaging fees – a total of more than €30m, according to SWIFT.

Tencent launches China’s first private online bank Top Chinese internet company Tencent has launched the country’s first private online bank, called WeBank after the company’s popular messaging app WeChat.

Deals & Markets

Charter Savings to join UK challenger banks with online-only offering Charter Savings Bank is due to join other UK challenger banks in the UK come spring as an online-only savings bank.

Insights & Interviews

German exec pay catching up with UK The UK and the US may be famous for over-inflated CEO pay packages, but now it seems that the pay of top-level German managers is outflanking the Brits.

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