Bill Winters

Standard Chartered H1 profit up 9% to $4.78bn, beats forecasts; $1bn buyback and 8,000 job cuts in AI push

Standard Chartered reported first-half profit of $4.78 billion, up 9% and ahead of analyst estimates, and unveiled a $1 billion share buyback alongside plans to cut 8,000 back-office jobs as it accelerates a shift toward AI and automation.