Standard Chartered considers selling African banking units to focus on Asia and cut costs.

Standard Chartered is considering selling its wealth and retail banking operations in Africa to streamline its business and focus more on affluent clients and international companies. The bank aims to concentrate on its core businesses and capitalize on growth in Asian markets, similar to its rival HSBC. This move is part of the bank's strategy to shift away from its previous global portfolio and reduce expenses.

November 27, 2024
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