Staff and deposit risks hinder sale of Standard Chartered retail business

Concerns over the future of 1,500 employees and deposit risks have discouraged potential buyers from acquiring Standard Chartered's retail operations.

Staff and deposit risks hinder sale of Standard Chartered retail business

The proposed sale of Standard Chartered's retail business is facing significant hurdles as potential buyers remain wary of risks associated with 1,500 staff members and deposit liabilities.

According to reports, City Bank is currently the only lender that has signed a non-disclosure agreement (NDA) to conduct a cost-benefit analysis regarding the potential acquisition.

তথ্যসূত্র: TBS Bangladesh
#Standard Chartered#Banking#City Bank#Acquisition