FCA Standard Chartered Bank

I heard Standard Chartered regulated by the Prudential Regulation Authority and the Financial Conduct Authority (FCA), is it true ??

[Arvind Kumar]

Standard Chartered PLC is a British multinational banking and financial services company headquartered in London, England.

Yes Standard Chartered is regulated by the Prudential Regulation Authority and the Financial Conduct Authority and is one of the UK's largest banks.

Standard Chartered is a universal bank with operations in consumer, corporate and institutional banking, and treasury services. Despite its UK base, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa and the Middle East.

Bank profile:
Type Public limited company
Traded as LSE: STAN
SEHK: 2888
NSE: STAN
OTC Pink: SCBFF
FTSE 100 Component
Industry Banking, Financial services
Predecessor Standard Bank
Chartered Bank
Founded 1969; 48 years ago
Headquarters London, England, UK
Area served Worldwide
Key people José Viñals
(Chairman)
Bill Winters
(Group Chief Executive)
Services Credit cards
Consumer banking
Corporate banking
Investment banking
Mortgage loans
Private banking
Wealth management
Revenue US$ 14.060 billion (2016)
Operating income US$ 0.409 billion (2016)
Net income US$ (0.191) billion (2016)
Total assets US$ 646.692 billion (2016)
Total equity US$ 44.368 billion (2016)