Editing Standard Chartered (section)

===1969 to 2000===
[[Image:Standard Chartered Bank Building.jpg|thumb|[[Standard Chartered Bank Building]] in [[Central, Hong Kong|Central]], [[Hong Kong]]]]
Both banks acquired other smaller banks along the way and spread their networks further. In 1969, the banks decided to merge and to counterbalance their network by expanding in Europe and the United States, while continuing expansion in their traditional markets in Asia and Africa.<ref name="history" />

In 1986, [[Lloyds Bank (historic)|Lloyds]] made a [[hostile takeover]] bid for the Group.<ref>{{Cite news |date=28 June 1986 |title=Offer sweetened by Lloyds Bank |work=The New York Times |url=https://query.nytimes.com/gst/fullpage.html?res=9A0DE1DF113DF93BA15755C0A960948260 |access-date=2 May 2010}}</ref> The bid was defeated; however, it spurred Standard Chartered into a period of change, including a series of divestments notably in the US and South Africa. It sold [[MUFG Union Bank|Union Bank]] to [[The Bank of Tokyo-Mitsubishi UFJ|Bank of Tokyo]] and United Bank of Arizona to [[Citicorp]].<ref name="auto">{{Cite news |last=FRANTZ |first=DOUGLAS |date=1988-02-17 |title=Japanese to Pay $750 Million for Union Bank |work=Los Angeles Times |url=https://www.latimes.com/archives/la-xpm-1988-02-17-mn-29370-story.html |access-date=2014-10-20 |issn=0458-3035}}</ref>

In 1986, a business consortium purchased a 35% stake to fend off Lloyds. A member of this consortium was [[Singaporean]] property tycoon [[Khoo Teck Puat]], who purchased 5% of the bank's shares, which he later increased to 13.4%.<ref name="Tan Sri Khoo Teck Puat">{{Cite web |date=2 March 2004 |title=Tan Sri Khoo Teck Puat |url=https://www.telegraph.co.uk/news/obituaries/1455763/Tan-Sri-Khoo-Teck-Puat.html |archive-url=https://ghostarchive.org/archive/20220111/https://www.telegraph.co.uk/news/obituaries/1455763/Tan-Sri-Khoo-Teck-Puat.html |archive-date=11 January 2022 |url-access=subscription |url-status=live |access-date=26 March 2016 |website=The Telegraph}}{{cbignore}}</ref>

In 1987, Standard Chartered sold its remaining interests in the South African bank; since then the [[Standard Bank Group]] has been a separate entity.<ref>{{Cite web |title=Historical overview |url=http://www.standardbank.com/SB-Historical-Overview-6th-ed-2009.pdf |url-status=unfit |archive-url=https://web.archive.org/web/20120113034632/http://www.standardbank.com/SB-Historical-Overview-6th-ed-2009.pdf |archive-date=13 January 2012 |access-date=26 March 2016 |publisher=Standard Bank}}</ref>

In 1992, scandal broke when banking regulators charged several employees of Standard Chartered in [[Mumbai]] with illegally diverting depositors' funds to speculate in the stock market. Fines by Indian regulators and provisions for losses cost the bank almost £350&nbsp;million, at that time fully a third of its capital.<ref>{{Cite web |date=22 December 1993 |title=India Blames 4 Big Banks in Scandal |url=https://www.nytimes.com/1993/12/22/business/company-news-india-blames-4-big-banks-in-scandal.html |access-date=26 March 2016 |website=New York Times}}</ref>

In 1994, London's ''Sunday Times'' reported that an executive in the bank's metals division had bribed officials in Malaysia and the Philippines to win business. The bank, in a statement on 18 July 1994, acknowledged that there were "discrepancies in expense claims [that] ... included gifts to individuals in certain countries to facilitate business, a practice contrary to bank rules".<ref>{{Cite web |title=Sucheta Dalal :Standard Chartered tries to cover up its messy past but SEBI is in a slumber |url=http://www.suchetadalal.com/?id=884a0238-d01e-46b7-4bc5d9b349c7&base=sections&f |access-date=21 March 2015 |website=suchetadalal.com}}</ref>

In 1994, the Hong Kong [[Securities and Futures Commission]] found Standard Chartered's Asian investment bank to have illegally helped to artificially support the price of new shares they had underwritten for six companies from July 1991 to March 1993. The bank admitted the offence, apologized, and reorganized its brokerage units. The commission banned the bank from underwriting IPOs in Hong Kong for nine months.<ref>{{Cite web |date=29 June 1994 |title=Hong Kong Disciplines Standard Chartered PLC |url=https://www.nytimes.com/1994/06/29/business/worldbusiness/29iht-stand.html |access-date=26 March 2016 |website=New York Times}}</ref>

In 1997, Standard Chartered sold Mocatta Bullion and Base Metals, its metals division, to [[Toronto]]-based [[Scotiabank]] for [[US$]]26&nbsp;million.<ref>{{Cite web |date=29 September 2009 |title=Scotiabank to Launch the ScotiaMocatta eStore in Canada - a New Full-Service Online Precious Metals Delivery Channel |url=http://www.newswire.ca/news-releases/scotiabank-to-launch-the-scotiamocatta-estore-in-canada---a-new-full-serviceonline-precious-metals-delivery-channel-538622121.html |access-date=26 March 2016 |publisher=Newswire}}</ref>

Standard Chartered's Asian investment banking operations never recovered.<ref>{{Cite news|last=Elder|first=Bryce|date=2021-08-03|title=StanChart still searching for the right path to recovery|work=Financial Times|url=https://www.ft.com/content/9b58f8b3-6211-4bd2-9d29-7d8a9b3ec24f |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/9b58f8b3-6211-4bd2-9d29-7d8a9b3ec24f |archive-date=10 December 2022 |url-access=subscription|access-date=2022-01-20}}</ref> In 2000, the bank closed them down.<ref name="bloomberg.com">{{Cite news |last=Lee |first=Yoolim |date=3 November 2009 |title=Standard Chartered 79% Return Overtakes HSBC With Asian Rebound |publisher=Bloomberg L.P. |url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=amezAf6Zd9hU&refer=china |access-date=19 April 2011}}</ref>