Standard Chartered profit jumps 46% as CEO bets on a fragmenting global economy: ‘An advantage for us’
The CEO of British multinational bank Standard Chartered says “geopolitical fragmentation is an advantage for us,” after the lender reported a 46% jump in third-quarter net profit to $1.5 billion.
Key points
- Standard Chartered’s bets for the next decade Winters named five structural trends he expects to redefine finance over the next decade: the transition to a low-carbon economy, wealth creation across Asia, the Middle East, and Africa, changes to banking infrastructure, geopolitical fragmentation, and the digitization of money.
- This month, Standard Chartered launched tokenized deposits in Hong Kong and piloted a liquidity facility to support Ant International’s investment in tokenized money market funds.
- Speaking at a media roundtable, Bill Winters said the splintering of global trade is creating new business for the bank, which helps multinational corporations manage cross-border deals, the South China Morning Post reported.
Why a fractured economy is good business for Standard Chartered Geopolitical fragmentation refers to the structural shift in the global economy as supply chains, trade, and policy realign along political lines.
Additional details
- Banks earned a record $1.3 trillion in net income in 2025, up 7% from a year earlier, according to McKinsey’s Global Banking Annual Review, which argues that AI will reward lenders that move quickly.
- Standard Chartered operates in 54 markets, with a significant presence in Asia, Africa, and the Middle East.
- The downside of a divided global economy Fragmentation cuts both ways.
- Wealth Solutions income rose 26% to $1.1 billion, while Global Markets income grew 20% to just over $1 billion.
- “We’ve really focused on getting a few things right and one is to serve multinational corporations and multinational individuals on their cross-border needs,” Winters said.
How this summary was made: extractive summary — built from the sources' own reporting. It is drawn only from the reporting of the sources listed below — read the originals for full detail. How we summarize →
Advertisement
Every article behind this summary — 1 article from 1 outlet
Get stories like this in your inbox.
Subscribe — it's freeOne free email at 6am — your topics, deduplicated, five minutes. No account, no paywall.