StanChart Weighing a Simpler Structure to Control Costs
- Emerging markets bank is to outline strategy in February 2019
- Bank is reviewing other parts of the business to curb expenses
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Standard Chartered Plc is weighing a plan to simplify its structure as the emerging markets lender looks to control costs across its sprawling network from Zambia to Macau, said people familiar with the matter.
The London-based bank, which operates in about 60 markets, is exploring how to free up liquidity and reduce funding expenses within its different legal entities, the people said, asking not to be identified as the details are private.