Foreign news: Loss-making Standard Chartered to claw back bonuses
Standard Chartered has reported its first loss in a quarter of a century and is considering clawing back bonuses from about 150 current and former senior staff, CNBC reports. Standard Chartered chief executive Bill Winters said the bank had established "accountability" reviews to investigate whether bonuses could be recovered from any people found to be responsible for compliance or risk management breaches. The bank made a pre-tax loss of US$1.5 billion.