This headline caught my attention instantly.
Standard Chartered to close equities business worldwide 'with immediate effect'
With a pounding heart, I clicked on the article. http://www.channelnewsasia.com/news/business/standard-chartered-to/1576052.html
HONG KONG: Standard Chartered Bank will exit the institutional cash equities, equity research and Equities Capital Market (ECM) "with immediate effect", a Singapore-based spokesperson told Channel NewsAsia on Wednesday (Jan 8).
The move will lead to about 200 layoffs in the region - on top of a wider plan that will see about 4,000 cuts, half of which were made in the last three months of last year, with the remainder expected during 2015, the bank said.
"This decision is purely related to our institutional cash and research business, along with ECM, and does not impact our core strategic aim of supporting the international trade, wealth ......
