Maximize the Value, GO for Dah Sing

Standard Chartered buyback plan marks change in tack

The buyback plan, which could be announced alongside full-year results at the end of February, represents a significant shift in the direction of the bank, which has raised billions of pounds from investors in the past decade to fund its growth.

Given the sensitivity of the negotiations over the penalty, management are reluctant to put a figure on the scale of any potential buyback, according to a person briefed on the plans.