StanChart likely to axe Dubai, Singapore jobs amid cost reductions

A woman walks past a Standard Chartered bank in London October 13, 2010. REUTERS/Stefan Wermuth

Standard Chartered Plc is cutting jobs in Dubai and key markets including Singapore as it looks to curb expenses, people familiar with the matter said.

Some senior roles are included in the cuts, the people said, asking not to be identified because the emerging-markets lender’s strategy isn’t yet public. As many as 100 positions may be impacted in Dubai although the number hasn’t been finalized, two of the people said.

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