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Standard Chartered weighs breaking up corporate, investment bank

Bloomberg
Bloomberg • 3 min read
Standard Chartered weighs breaking up corporate, investment bank
The revamp would be the latest effort by CEO Bill Winters to improve Standard Chartered’s returns. Photo: Bloomberg
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Standard Chartered Plc is considering restructuring its institutional banking arm, the unit that houses the firm’s investment bankers and traders, as part of the latest effort by Chief Executive Officer Bill Winters to improve the lender’s returns. 

The lender has been weighing options including separating its investment bank from its corporate and commercial banking operations, according to people familiar with the matter. The move could lead to job cuts and is one of several possibilities being weighed with no final decisions made yet, the people said, asking not to be identified discussing matters still under consideration.

A spokesman for Standard Chartered declined to comment. 

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