Bill Winters

StanChart To Dispose Assets Worth $4.4 Billion in Asia Including $1.4 Billion in India

StanChart has reportedly been considering for disposing of risk weighted assets worth $4.4 billion in India, China, Indonesia and Malaysia. To be liquidated assets in India will worth around $1.4 billion following an internal classification of businesses with risk for default. The move is going to take place since the lender pares its balance sheet after booking record impairments.

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Standard Chartered picks ex-JPMorgan executive Winters as CEO to replace Sands

Standard Chartered (STAN.L) said former JPMorgan (JPM.N) investment bank boss Bill Winters will take over as chief executive in June to replace Peter Sands, after investors demanded change at the helm following two years of problems.

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