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StanChart is making the right billion-dollar move

Standard Chartered Plc Chief Executive Officer Bill Winters is going make a lot of shareholders, including its largest stockholder Temasek Holdings Pte, very happy. Having paid out a $1 billion fine for violating Iran sanctions, the bank had cleared the decks for buybacks to cheer disgruntled shareholders and boost its return on tangible equity. On April 29, the bank delivered. ...

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Carney’s replacement needs to be committed

The UK government’s decision to publish a job listing for the next Bank of England (BOE) governor has prompted speculation over who will replace Mark Carney and where he or she should come from. But the issue of when the next bank chief should be expected to step down from the role is just as important. Philip Hammond, Chancellor of ...

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ECB wins respite as growth cheer cancels Draghi stimulus alarm

Bloomberg European Central Bank policy makers who sounded the alarm about the region’s slowdown last month can now relax a bit as the stimulus they prepped becomes less urgent. It was during the first quarter that officials, led by President Mario Draghi, reactivated plans to aid growth in a moment of embarrassment so soon after concluding bond purchases last year. ...

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