Standard Chartered Is Now a Super Strong Bank, Says CEO

The transcript discusses Standard Chartered's strategy to achieve over 10% returns by 2021 through $700 million in cost cuts and leveraging core strengths. The focus is on organic growth, particularly in wealth management, and improving efficiency by relocating employees to lower-cost locations. The bank aims to enhance productivity and partner with tech companies in low-return markets. Despite investor pressure, the bank is committed to its plan, regardless of economic conditions. The potential for industry consolidation is acknowledged, but not deemed necessary for their strategy.

What is the bank's strategy regarding potential acquisitions?

What does the bank plan to do with markets that are not generating adequate profits?

What external factors does the bank consider important for achieving better returns?