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Evening Standard

Business

Simon English

$1bn buyback from Standard Chartered, but profits disappoint City

Standard Chartered Standard Bill Winters Asia First Abu Dhabi Bank

Shares in global bank Standard Chartered have dipped after First Abu Dhabi Bank (FAB) confirmed that a takeover offer is not currently on the cards (Yui Mok/ PA) (Picture: PA Archive)

Standard Chartered, the Asian focussed City bank, that has often flattered to deceive disappointed City analysts today with lacklustre returns.

But it boosted guidance for the near future and unveiled a $1 billion share buyback that should calm any investor nerves.

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