HONG KONG: Standard Chartered Plc (StanChart) will shift its retail bank’s focus from mass market to affluent customers and urge more clients to go online as part of a broader restructuring, a senior executive said.
StanChart’s retail business is one of the first divisions the Asia-focused lender has targeted with cuts, announcing last month it would axe 4,000 retail jobs or 5% of its global workforce and close 80-100 branches.
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