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Rating: SCBFF

Standard Chartered PLC (OTCBB: SCBFF) rated to Buy by Investec

Tuesday,  Sep 22, 2015  10:25 AM ET by Betsy O'Brien Harrison

Investec rated Standard
Chartered PLC (OTCBB: SCBFF) to Buy.

Standard Chartered PLC provides consumer and wholesale banking products and services to individuals, small and medium-sized enterprises (SMEs), corporate, and institutional customers. It offers savings accounts, demand drafts, foreign exchange services, safe deposit boxes, and telegraphic transfers; personal loans and mortgages; credit cards; life, savings and retirement planning, health and medical, home, motor, and travel insurance; and investment advisory services. The company also provides private and priority banking; international banking; cash management; trade finance and working capital, including import, export, and cross-border financing services; business installment loans and mortgages; transaction banking, financial markets, and corporate finance services; SME banking services; custody services; and Saadiq Islamic banking services, as well as Internet banking services. It operates approximately 1,700 branches and outlets, and 5,600 ATMs primarily in India, Hong Kong, Singapore, South Korea, the People?s Republic of China, Malaysia, Indonesia, Brunei, Thailand, Taiwan, Mauritius, Vietnam, the Philippines, Pakistan, the United Arab Emirates, Qatar, Jordan, Sri Lanka, Oman, and Bangladesh, as well as in Africa, the Americas, and Europe. The company was founded in 1853 and is headquartered in London, the United Kingdom.


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