Mike Rees

Standard Chartered Wholesale Profit May Rise to $10 Billion

Standard Chartered Plc’s operating profit from its corporate bank may climb to about $10 billion by 2016 as the lender expands in emerging markets, Mike Rees, head of the division, told investors today.

Standard Chartered's Rees Says Banks Blamed Disproportionately for Economy

Anger toward Britain’s bankers may grow as they get “disproportionately blamed” by politicians and regulators, according to Standard Chartered Plc’s head of corporate banking, Mike Rees .

Standard Chartered New York License Threat Worries Investors

The threat by a New York regulator to suspend Standard Chartered Plc’s banking license is stoking investor and analyst concern the business model that produced eight straight years of record profit is in jeopardy.

Standard Chartered Faces N.Y. Suspension Over Iran Deals

Standard Chartered Plc conducted $250 billion of transactions with Iranian banks over seven years in violation of federal money laundering laws, a New York regulator said in an order warning that the firm’s U.S. unit may be suspended from doing business in the state.

Standard Chartered Falls Most in 24 Years on Iran Probe

Standard Chartered Plc fell the most in almost 24 years as an analyst estimated it may face costs of $5.5 billion after being accused of violating U.S. money laundering laws over its dealings with Iranian banks.

Standard Chartered’s Michael Rees Paid as Much as $13.4 Million

Standard Chartered Plc’s Mike Rees, head of corporate banking, may be paid as much as $13.4 million for 2011, the highest-compensated director on the board.

Standard Chartered’s Rees Gets as Much as $14.1 Million for 2010

Standard Chartered Plc’s Mike Rees , head of corporate banking, may be paid as much as $14.1 million for 2010, making him the highest-paid director on the board.

Barclays, HSBC Threats to Quit London Recede With Breakup Risk

Barclays Plc , Standard Chartered Plc and HSBC Holdings Plc , three of Britain’s biggest lenders, are toning down threats they made last year to leave London as pressure to break up commercial and investment banking eases.

Standard Chartered Banker Gets $16 Million, Sunday Times Says

Mike Rees, head of Standard Chartered Plc’s investment bank, was paid 10 million pounds ($16 million) in salary and bonus after profit at his wholesale banking division reached a record last year, the Sunday Times reported.

Standard Chartered Investors Should Oppose Pay Report, PIRC Says

Standard Chartered Plc investors should vote against the bank’s executive pay report because it doesn’t disclose long-term bonus targets and Chairman John Peace helps set compensation, according to corporate governance adviser Pensions Investment Research Consultants Ltd.

"That is not an unreasonable aspiration for us to have."

- Mike Rees on Sep 17, 2012

London

Peter Sands

Standard Chartered

New York

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