HONG KONG/LONDON :Standard Chartered PLC Chief Executive Bill Winters on Friday bluntly acknowledged the bank's underwhelming share price and vowed to fix it as the lender announced increased dividends, a fresh $1 billion buyback and an 18 per cent increase in annual profit."The share price is crap. I know th
Asia-focused bank Standard Chartered on Friday unveiled a new $1bn buyback, increased dividend and higher annual profits, but reined in guidance on income for the current year.
Standard Chartered rewarded shareholders with dividends and a fresh $1 billion buyback, but set out modest growth forecasts that will concern investors.