The Bank will maintain its presence in Ghana through its Corporate and Investment Banking business Standard Chartered PLC yesterday announced its intention to explore the sale of its Wealth & Retail Banking (“WRB”) business in Ghana. …
…sees stablecoins transforming cross-border payments across Africa Standard Chartered has hosted its inaugural Digital Assets Summit in Accra highlighting what it sees as the growing role of stablecoins and other forms of digital money in reshaping cross-border payments across Af …
Standard Chartered has hosted its inaugural Digital Assets Summit in Accra, highlighting the growing role of digital currency, stablecoins and other forms of digital money in reshaping payments ecosystems across Africa and globally The bank said accelerating adoption of digital a …
Standard Chartered Ghana hosted an exclusive commemorative client dinner to celebrate 130 years of service, partnership and impact in Ghana, bringing together distinguished clients, business leaders, regulators and key stakeholders for an evening of reflection, appreciation and f …
Standard Chartered Ghana hosted an exclusive commemorative client dinner to celebrate 130 years of service, partnership and impact in Ghana, bringing together distinguished clients, business leaders, regulators and key stakeholders for an evening of reflection, appreciation and f …
Standard Chartered Ghana hosted an exclusive commemorative client dinner to celebrate 130 years of service, partnership and impact in Ghana, bringing together distinguished clients, business leaders, regulators and key stakeholders for an evening of reflection, appreciation and f …
Standard Chartered CEO Bill Winters apologised for the upset caused to staff by his remarks about artificial intelligence replacing “lower value” human workers, but stopped short of retracting the comments on Friday. …
The boss of Standard Chartered has apologised after describing employees whose jobs are vulnerable to being replaced by artificial intelligence (AI) as “lower value human capital”. …
Banking giant Standard Chartered has become the latest major company to announce job cuts as it increases its adoption of artificial intelligence (AI). …
Standard Chartered PLC announced it is exploring the sale of its Wealth & Retail Banking business in Ghana, while maintaining its Corporate and Investment Banking operations in the country as part of a group strategy to focus on businesses with greater scale and cross-border capabilities.
Why it matters
Standard Chartered's planned sale of Ghana retail banking unit signals shifting financial sector dynamics and potential job implications.
Standard Chartered PLC announced it is exploring the sale of its Wealth & Retail Banking business in Ghana, while maintaining its Corporate and Investment Banking operations in the country as part of a group strategy to focus on businesses with greater scale and cross-border capabilities.
Standard Chartered PLC has announced plans to explore the sale of its Wealth and Retail Banking business in Ghana as part of a broader portfolio review to focus on areas with greater scale and competitive advantage. The bank will continue its Corporate and Investment Banking operations in Ghana, pending regulatory approvals.
Standard Chartered hosted its inaugural Digital Assets Summit in Accra, highlighting stablecoins and digital money as transformative for cross-border payments across Africa. The bank's Global Head of Digital Assets said the global stablecoin market, currently valued at roughly US$300 billion, could expand to about US$2 trillion by 2028, though regulatory frameworks and risk management systems will be needed to support sector development.
Standard Chartered held its inaugural Digital Assets Summit in Accra, discussing the role of digital currencies, stablecoins, and digital money in reshaping Africa's payments ecosystems. The bank's research estimates the global stablecoin market could expand from roughly US$300 billion to about US$2 trillion by 2028, with significant deposit migration expected across emerging markets.
Standard Chartered Ghana held a commemorative client dinner to celebrate 130 years of service and partnership in the country, attended by clients, business leaders, regulators, and the Second Deputy Governor of the Bank of Ghana. The Bank's CEO reflected on its role supporting Ghana's economic growth across trade, infrastructure, manufacturing, agriculture, oil and gas, capital markets, and digital transformation since 1896.
Standard Chartered Ghana hosted a commemorative client dinner to celebrate 130 years of service and partnership in Ghana, attended by business leaders, regulators and stakeholders. The Bank's CEO highlighted its role supporting Ghana's economic growth across trade, infrastructure, manufacturing, agriculture, oil and gas, and digital transformation.
Standard Chartered Ghana hosted a commemorative client dinner to celebrate 130 years of service and partnership since 1896. The Bank of Ghana's Second Deputy Governor attended as Guest of Honour, and the CEO reflected on the bank's role in supporting Ghana's economic growth across trade, infrastructure, manufacturing, agriculture, oil and gas, and digital transformation.
Standard Chartered CEO Bill Winters apologised on Friday for upset caused by his remarks about artificial intelligence replacing "lower value" human workers, but did not retract the comments. The bank is cutting nearly 8,000 jobs as it adopts AI technology, with about 15% of back-office support roles affected.
Bill Winters, chief executive of Standard Chartered, apologized after describing employees vulnerable to AI replacement as "lower value human capital" at a conference. The bank expects back-office roles to be cut by about 15% over the next four years, roughly 7,800 of its 82,000 staff.
Banking giant Standard Chartered announced it will cut more than 15% of its back-office roles, around 7,800, by 2030 as it increases its use of artificial intelligence and automation. The firm aims to move some affected workers to other roles in the business.
Africa's fragmented cross-border payment systems are slow and costly compared to global averages, spurring interest in stablecoins as settlement infrastructure. The strategic question is whether African banks will institutionalize stablecoins within regulated frameworks or whether the infrastructure will continue to develop outside formal banking channels.