StanChart plots US$1bn share buyback

摘要

standard chartered is planning its first share buyback since 2002 after saying a recent settlement with US prosecutors over Iran-related sanctions had placed it on a much firmer footing. The emerging markets lender last week reported a 5% rise in pretax profit for the first quarter, with a 2% slide in revenues offset by a similar fall in operating expenses. It said it would buy back up to US$1 bn of shares.