Standard Chartered, also known as Stanchart, is making big moves in the world of investment banking. The bank has set up a new team in the United States to focus on private equity firms, hedge funds, and other big financial investors. This is part of its plan to grow its investment banking business and earn more from financial clients.
In short, Stanchart is not backing down. It is stepping up and going after bigger deals in the U.S., with a special team ready to build strong financial partnerships around the world. Investment banking firms like B. Riley Financial Inc. (NASDAQ: RILY) will not be overly concerned by Stanchart’s foray since the…
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