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March 8, 2014 |
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Standard Chartered Bank was formed through the merger of two British overseas banks: the Standard Bank of British South Africa and The Chartered Bank of India, Australia and China. These two banks could trace their histories back to the foundation in 1853, when they were granted Royal Charters by Queen Victoria. The two banks expanded throughout the British Empire until they merged in 1969. In the late 1980s, Lloyds Bank of the UK launched a hostile takeover of Standard Chartered. The bank resisted the hostile bid, which was subsequently defeated. Today the bank is a leading player throughout the developing world. Standard Chartered Bank is one of the three banks issuing Hong Kong dollar|banknotes for Hong Kong, the other two being the Bank of China (Hong Kong) and the Hongkong Shanghai Banking Corporation. The bank recently acquired Korea First Bank in South Korea.
Category:Banks of Hong Kong Category:Banks of the United Kingdom Category:Companies traded on the LSE category:Companies traded on HKSE This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Standard Chartered Bank".
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