Britain's Standard Chartered bank says CEO to step down
(MENAFN- AFP) Asia-focused British bank Standard Chartered's chief executive will step down in June, the company said on Thursday, following poor results, job cuts and fines for failing to detect possible money-laundering.
"Peter Sands will stand down from the Board and as Group Chief Executive in June 2015," the bank said in a statement, adding that he would be replaced by former JP Morgan co-CEO Bill Winters.
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