The British Chambers of Commerce, and the Standard Chartered Bank have also said that unemployment could reach about 3 million before the recession ends.
He helped the Standard Chartered Bank repel a hostile takeover bid by British rival Lloyds Bank.
The Bank of England, JPMorgan Chase, Barclays, Standard Chartered, the Bank of Nova Scotia, all of them recently got a request from Chavez asking that the gold he has stored with them be shipped home.
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One of those start-ups, Saigon National Bank, was the first national bank chartered and owned by Vietnamese-Americans.
Scope, the outsourcing arm of Standard Chartered, the largest foreign bank in India, has the grand aim of becoming, in effect, the back office for many of the bank's operations in 56 countries.
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Shankar, CEO of the Europe, Middle East, Africa and the Americas for Standard Chartered Bank told me.
Federal and state prosecutors have reached settlements with large international banks, including ING and the British bank Standard Chartered, for their sanctions busting transactions with countries such asCuba andIran.
"Investors have finally got the idea of what it really means to have seriously different type of recovery than what we have seen in post-World War II history, " says David Mann, head of research in the Americas for Standard Chartered Bank.
This means the bonus rules will probably apply to subsidiaries of Barclays and Deutsche Bank in the US, Standard Chartered bankers working in Asia and Goldman Sachs traders based in London.
That will not happen, says Wong Yit Fan, an economist with Standard Chartered Bank, until the various governments prove that they are receptive to foreign investment and serious about economic reform.
The countries are all subject to U.S. sanction and the U.S. Department of Justice and Federal Reserve say Standard Chartered Bank moved millions of dollars between 2001 and 2007 illegally through the U.S. financial system on behalf of Iranian, Sudanese, Libyan and Burmese entities.
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Barclays' board cannot think of many other potential candidates who would both have the reforming zeal and would be able to command the respect of the bank's serving investment bankers (Richard Meddings of Standard Chartered is someone whose name is also under consideration).
Other sponsors include the European Commission, ClimateWorks and Standard Chartered Bank.
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Right now, the Fed supervises some 5, 000 bank holding companies, 850 state-chartered banks and foreign banks operating in the U.S., and it has broad oversight of large financial firms.
It was the latest vivid scene in the clashes between Standard Chartered and U.S. authorities, who conducted a yearslong investigation into the bank's dealings with Iran that resulted in big fines last year.
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It has acquired a majority share in U.K. bank Standard Chartered, reportedly beating the likes of JPMorgan Chase and Barclays.
Some anxiety about this was expressed this morning by Mervyn King, now of Standard Chartered Bank, but formerly head of the Bank of England.
The U.S. Treasury Department, Justice Department, Federal Reserve and Manhattan District Attorney's Office reportedly were either negotiating a settlement with Standard Chartered or were at the very least investigating the bank's alleged misconduct.
But as the Standard Chartered case showed, when the DFS brought its charges unilaterally and secured a rapid settlement with the bank, co-ordination between agencies is not guaranteed.
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Mr. STEPHEN GREEN (Senior Economist, Standard Chartered Bank): If China itself causes the dollar to collapse, then the value of its reserves will also collapse.
Analysis of the current inflation problem in Argentina by Chief Economist of Standard Chartered Bank, Doug Smith.
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The latest Royal Institution of Chartered Surveyors (RICS) and Ulster Bank Housing Market Survey showed a rise in transactions.
Nawaz Sharif recruited Moeenuddin Khan, a former Standard Chartered Bank official from Hong Kong, to run the Central Board of Revenue.
Deloitte is also the auditor for the Federal Reserve Bank, which is kind of ironic since it was supposedly preparing reports on behalf of one client, Standard Chartered Bank, to lie to another client, the Fed.
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Citibank, HSBC, Standard Chartered, Bank of East Asia are among the most aggressive players.
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Also in Hong Kong, Standard Chartered rose 1.9% after the emerging markets-focused bank posted a tenth consecutive year of record profits.
Changes recommended by the ICB will also impact other banks headquartered in the U.K. including RBS Group, HSBC and Standard Chartered Bank.
In a game against a team from the bank, admits Sharon Sethi, who manages a Standard Chartered branch in Delhi, the girls from the project won easily.
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But Stephen Green of Standard Chartered Bank says that, for a few months in the middle of last year, it relaxed these efforts to offset the potential impact of an upward revaluation of the yuan in July.
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