Standard Chartered Affiliate, OCBC Said to Bid for Muamalat

A Standard Chartered Plc affiliate, Qatar Islamic Bank SAQ and Oversea-Chinese Banking Corp. are among bidders for a controlling stake in PT Bank Muamalat Indonesia, the country’s oldest Islamic bank, people with knowledge of the matter said.

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Source: BusinessWeek

Standard Chartered’s Korean Banking Unit Workers Strike Over Incentive Pay
Workers at Standard Chartered Plc (STAN) ’s South Korean banking unit plan to go on strike today in the worst labor dispute involving foreign banks in the Asian nation in more than five years.
Standard Chartered’s Korean Bank Unit Workers Strike for Pay
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