Standard Chartered ‘to cut jobs in Dubai, Singapore’

  • 12/4/2018
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The cuts reportedly include positions at the bank’s priority banking operations, which offer wealth-management services It was reported last week that Standard Chartered is weighing up a plan to simplify its structure and control costs under CEO Bill Winters LONDON: Standard Chartered is to cut up to 100 jobs in Dubai in a bid to reduce costs, according to a report by Bloomberg. The bank is also looking to slash positions in key markets such as Singapore, the newswire reported, citing people familiar with the matter. The cuts include some senior staff, although the exact numbers have not yet been finalized, the sources said. Standard Chartered — which specializes in the emerging markets — has not yet officially made the strategy public, Bloomberg said.

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