Major StanChart Investor Demands Quicker Progress -FT
January 21 2019 - 2:03AM
Dow Jones News
--Standard Chartered's largest investor, Singapore investment
company Temasek, has asked for more frequent, detailed updates on
the bank's turnaround plans and raised the prospect of taking a
board seat, the Financial Times reports, citing unidentified
sources.
--Temasek supports StanChart CEO Bill Winters, but could change
its view if revenue and profitability at the lender fail to
improve, according to the FT.
Full story: on.ft.com/2W6XzxV
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(END) Dow Jones Newswires
January 21, 2019 01:48 ET (06:48 GMT)
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