Standard Chartered cuts jobs in #UAE retail bank: sources | Reuters

Standard Chartered cuts jobs in UAE retail bank: sources | Reuters:

Standard Chartered (STAN.L) is cutting jobs in its retail bank in the United Arab Emirates, in part as more customers move to digital services, people familiar with the matter told Reuters.

The bank has also reduced headcount within other sectors of the bank, including corporate and commercial divisions, as part of a global shake-up, said two of the people.

“Standard Chartered has made substantial progress in executing the transformation plan laid out in 2015; we will set out how we will develop the group and deliver higher returns at our-full year 2018 results in February,” it said in a statement.