Standard Chartered to cut over 15% back-office jobs by 2030
NewsBytes | May 19, 2026 9:39 AM CST
Standard Chartered targets 15% RoTE 2028
CEO Bill Winters says these tech upgrades are all about sustainable growth and better returns.
The bank is aiming for some pretty ambitious numbers: a return on tangible equity of 15% by 2028, plus lowering its cost-to-income ratio to 57% by 2028.
As its Fit for Growth program is designed to deliver $1.5 billion in savings and seeing strong earnings (including $18 billion flowing into its wealth business), Standard Chartered seems ready for the next chapter.
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