Standard Chartered Delivers 8th Year of Record Profits - Interviews With CEO and FDBy Standard Chartered Plc, PRNE
Tuesday, March 1, 2011
LONDON, March 2, 2011 - Standard Chartered, the Asia-focused bank, today revealed full-year
profits up 19% and income up to over $16 billion.
In an interview with financial broadcaster www.cantos.com,
Standard Chartered CEO Peter Sands said the growth was "very broad-based"
across both the Bank's businesses and across multiple geographies.
Cost growth was running ahead of income growth as the bank absorbed
higher wages and regulatory expenses while investing in the business.
Finance Director Richard Meddings was confident that the bank had control
of costs. "We're quite clear that in 2011 we will be bringing our Jaws back
to neutral; so cost growth broadly in line with income growth." he said.
The interviews and transcripts are available now on
Cantos.com, the online financial broadcaster, features in-depth
interviews, documentaries and webcasts with senior company executives. If you
would like to contact us, please email email@example.com or phone
If you would like to contact us, please email prnsupport at cantos.com or phone
Tags: London, March 2, Standard Chartered Plc, United Kingdom