“Our strategy of combining differentiated cross-border capabilities for corporate and institutional clients with leading wealth management expertise for affluent clients is firing on all cylinders,” Chief Executive Officer Bill Winters said in a statement.
Standard Chartered Plc said it would hand back US$1.5 billion ($2 billion) more to shareholders as it reported fourth-quarter earnings that beat estimates, boosted by a strong performance in its trading and wealth business.
The London-headquartered bank announced a fresh buyback which would bring total shareholder distributions to US$4.9 billion since 2023, it said in a statement Friday.
