LSE:STAN 18 May 2026

Why Standard Chartered Stock Is Slipping After Its Big AI Jobs Plan
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Why Standard Chartered Stock Is Slipping After Its Big AI Jobs Plan

Standard Chartered shares slipped 0.49% to 1,912 pence in London after the bank unveiled a new growth plan targeting a return on tangible equity above 15% by 2028 and about 18% by 2030. The lender will cut over 7,000 jobs by 2030, focusing reductions on corporate and back-office roles. Manus Costello was named group CFO, pending regulatory approval. The FTSE 100 rose 0.69% at the same time.
May 19, 2026
Standard Chartered Shares Rise as New CFO Arrives Ahead of Strategy Update
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Standard Chartered Shares Rise as New CFO Arrives Ahead of Strategy Update

Standard Chartered named Manus Costello as permanent CFO and Tanuj Kapilashrami as group COO on Monday. Shares rose 0.34% to 1,895 pence in London, tracking the FTSE 100. The appointments come ahead of a Hong Kong investor event Tuesday, where management will outline growth plans and financial targets. Costello joined the bank in April after senior roles at Autonomous and Merrill Lynch.
May 18, 2026

Stock Market Today

  • 4 Key Metrics to Evaluate ANZ Bank Shares
    May 29, 2026, 11:38 PM EDT. ANZ Bank shares last traded at $35.2, inviting investors to assess its valuation through crucial metrics. ANZ is a major player in Australia and New Zealand's banking sector, heavily reliant on mortgage and loan revenues. Workplace culture, with a rating of 3.3/5 on Seek, beats the ASX banking average, potentially aiding long-term success. The net interest margin (NIM), a vital profitability gauge showing the difference between interest earned and paid, stands at 1.57%, below the ASX bank average of 1.78%. The return on equity (ROE) is 9.3%, slightly under the sector average, reflecting profit efficiency per shareholder dollar. Assessing ANZ's capital strength through the CET1 ratio is also essential for investors considering the bank's stability.