Standard Chartered posts Q2 loss; to cut India exposure, 15,000 jobs globally
"India has faced a slowdown in economic growth since 2012, relative to the higher rates of previous years, combined with high indebtedness in some corporate sectors and lower appetite for refinancing, reducing the success of corporate debt restructuring and distribution efforts," the August 2015 statement said.
Nov 03, 2015, 19:26 PM IST
Standard Chartered axes 15,000 jobs, raises $5.1 bn in capital
The job losses are part of a major restructuring that will cost around USD 3 billion, the bank said.
Nov 03, 2015, 16:22 PM IST
