StanChart chief plans to cut about 1,000 top staff: memo

StanChart chief plans to cut about 1,000 top staff: memo

People walk past the head office of Standard Chartered bank in the City of London February 27, 2015

Standard Chartered’s new Chief Executive Bill Winters plans to cut about 1,000 of the bank’s most senior staff to reduce costs, according to a memo sent to staff, as he battles to revive the bank following a sharp drop in profits.

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