Editing Standard Chartered (section)

===2000 to 2010===
[[File:Marina Bay Financial Centre (8107762133).jpg|thumbnail|left|[[Standard Chartered Singapore]] corporate office in [[Marina Bay Financial Centre]], [[Singapore]]]]

[[File:Standard Chartered.svg|left|thumb|Standard Chartered logo from 2002 to 2021]]
In 2000, Standard Chartered acquired [[Grindlays Bank]] from [[ANZ Bank|ANZ]], increasing its presence in private banking and further expanding its operations in India and Pakistan. Standard Chartered retained Grindlays' private banking operations in London and [[Luxembourg]], as well as the subsidiary in [[Jersey]], all of which were integrated into its own private bank. This now serves [[High-net-worth individual|high-net-worth]] customers in Hong Kong, [[Dubai]], and [[Johannesburg]] under the name Standard Chartered Grindlays Offshore Financial Services.<ref>{{Cite web |date=28 April 2000 |title=Standard Chartered snaps up Grindlays |url=https://www.theguardian.com/business/2000/apr/28/15 |access-date=26 March 2016 |website=The Guardian}}</ref>

Leading to the incorporation of [[Standard Chartered Hong Kong|Standard Chartered (Hong Kong)]] on 1 July 2004, the [[Legislative Council of Hong Kong]] amended Legal Tender Notes Issue Ordinance. The amendment replaced Standard Chartered Bank with its newly incorporated subsidiary - Standard Chartered Bank (Hong Kong) Ltd - as one of the [[banknotes of the Hong Kong dollar|note-issuing banks in Hong Kong]].<ref name="GT-DEX-2004-CN-MP-XHKD-01">{{Cite web |title=Cap 65 - Legal tender notes issue Ordinance |url=http://www.legislation.gov.hk/blis_pdf.nsf/CurAllEngDoc/8850FA52388F223C482575EE0036B8BB/$FILE/CAP_65_e_b5.pdf |access-date=7 September 2012}}</ref> The same year, Standard Chartered Bank and [[Astra International]] (an Indonesian conglomerate, a subsidiary of [[Jardine Matheson]]) took over [[Bank Permata|PermataBank]] and in 2006, both shareholders increased their joint ownership to 89.01%. With 276 branches and 549 ATMs in 55 cities throughout Indonesia, PermataBank has the second largest branch network in Standard Chartered organization.<ref>{{Cite web |date=14 April 2011 |title=PermataBank in Brief |url=http://www.permatabank.com/en/corporateprofile/1/index.html |url-status=dead |archive-url=https://web.archive.org/web/20110222211416/http://www.permatabank.com/en/corporateprofile/1/index.html |archive-date=22 February 2011 |access-date=19 April 2011 |publisher=Permatabank.com}}</ref>

On 15 April 2005, the bank acquired [[Korea First Bank]], beating [[HSBC]] in the bid.<ref>{{Cite web |title=Standard Chartered buys Korea First Bank |url=http://www.standardchartered.com/en/news-and-media/news/asia/2012-01-11-korea-re-brand.html |access-date=16 August 2012 |publisher=Standardchartered.com}}</ref> The bank has since rebranded the branches as '''SC First Bank'''. Standard Chartered completed the integration of its [[Bangkok]] branch and Standard Chartered Nakornthon Bank in October, renaming the new entity [[Standard Chartered Bank (Thailand)]].<ref>{{Cite web |date=29 April 2004 |title=Standard Chartered to Merge Its Branch with Local Subsidiary in Thailand |url=http://www.highbeam.com/doc/1G1-118462616.html |url-status=dead |archive-url=https://web.archive.org/web/20121023115057/http://www.highbeam.com/doc/1G1-118462616.html |archive-date=23 October 2012 |access-date=19 April 2011 |publisher=Highbeam.com}}</ref> Standard Chartered also formed strategic alliances with [[Fleming Family & Partners]] to expand private wealth management in Asia and the Middle East, and acquired stakes in [[Asia Commercial Bank|ACB]] in Vietnam, Travelex, [[American Express Financial Advisors|American Express Bank]] ([[Bangladesh]]), and [[Bohai Bank]] (China). The largest shareholder, billionaire [[Khoo Teck Puat]], died in 2004; and two years later, on 28 March 2006, the [[Singapore]] state-owned private investment firm, [[Temasek]], became the bank's largest shareholder when it bought the 11.55% stake held by Khoo Teck Puat's estate.<ref name=SC-H-19/><ref name=SC-H-20/><ref name=SC-H-21/>

[[Image:Guangzhou Tianhe Branch, Standard Chartered Bank China 20090403.jpg|thumb|right|Standard Chartered Bank China in Guangzhou]]
On 9 August 2006, [[Standard Chartered Bank Limited|Standard Chartered]] announced it had acquired an 81% shareholding in the [[Union Bank of Pakistan]] in a deal ultimately worth [[USD|$]]511&nbsp;million. This deal represented the first acquisition by a foreign firm of a Pakistani bank. The merged bank, [[Standard Chartered Bank (Pakistan)]], is now Pakistan's sixth largest bank.<ref>{{Cite web |date=6 September 2006 |title=Standard Chartered acquires Union Bank |url=http://www.dawn.com/news/209085/standard-chartered-acquires-union-bank |access-date=26 March 2016 |publisher=Dawn}}</ref>

On 22 October 2006, Standard Chartered announced that it had received tenders for more than 51% of the issued share capital of Hsinchu International Bank ("Hsinchu"), established in 1948 in [[Hsinchu|Hsinchu, Taiwan]].<ref>{{Cite web |date=29 September 2006 |title=Standard Chartered to buy Hsinchu |url=http://www.ibtimes.com/articles/20060929/standard-chartered-plc-hsinchu-international-bank.htm |access-date=19 April 2011 |publisher=Ibtimes.com}}</ref>

In 2007, Standard Chartered opened its Private Banking global headquarters in [[Singapore]].<ref>{{Cite web |title=Standard Chartered sets up private banking HQ in Singapore |url=http://www.newsgd.com/business/enterprise/200705290048.htm |access-date=19 April 2011 |publisher=Newsgd.com}}</ref>

On 23 August 2007, Standard Chartered entered into an agreement to buy a 49% share of an Indian brokerage firm (UTI Securities) for $36&nbsp;million in cash from Securities Trading Corporation of India Ltd., with the option to raise its stake to 75% in 2008, and, ''if'' both partners were in agreement, to 100% by 2010.<ref>{{Cite web |date=24 August 2007 |title=Standard Chartered to buy 49% of UTI Securities |url=http://www.thehindubusinessline.com/2007/08/24/stories/2007082452431500.htm |access-date=19 April 2011 |publisher=Thehindubusinessline.com}}</ref>

On 29 February 2008, Standard Chartered PLC announced it had received all the required approvals leading to the completion of its acquisition of [[American Express Bank Ltd]] (AEB) from the [[American Express Company]] (AXP). The total cash consideration for the acquisition is US$823&nbsp;million.<ref>{{Cite news |last=Clark |first=Andrew |date=18 September 2007 |title=Standard Chartered buys American Express Bank |work=The Guardian |location=London |url=https://www.theguardian.com/business/2007/sep/18/9 |access-date=2 May 2010}}</ref><ref>{{Cite news |title=Frequently Asked Questions on the Standard Chartered Bank acquisition of American Express Bank |work=AmericanExpress.com |url=http://cmax.americanexpress.com/Internet/PrivateBank/pdf/SCB_AEB_Client_FAQ.pdf |url-status=dead |access-date=11 January 2012 |archive-url=https://web.archive.org/web/20130510213731/http://cmax.americanexpress.com/Internet/PrivateBank/pdf/SCB_AEB_Client_FAQ.pdf |archive-date=10 May 2013}}</ref><ref>{{Cite news |title=Auditors' Report on the financial statements of Standard Chartered Bank – India Branches under Section 30 of the Banking Regulation Act, 1949, p. 7, Economic & Political Weekly EPW 28 June 2008 |work=standardchartered.co.in |url=http://www.standardchartered.co.in/_documents/tools-utilities/ar_0607.pdf |access-date=11 January 2012}}</ref><ref>{{Cite news |date=18 September 2007 |title=Standard Chartered to Buy American Express Bank Unit (Update4) |work=Bloomberg.com |url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aOBVUiA74YbE&refer=home |access-date=11 January 2012}}</ref><ref>{{Cite news |title=Standard Chartered completes acquisition of American Express Bank for $823 million |work=standardchartered.com |url=http://www.standardchartered.com/vn/latest-news/03-08-completes-acquisition-of-american-express-bank/en |access-date=11 January 2012 |archive-date=12 September 2011 |archive-url=https://web.archive.org/web/20110912121655/http://www.standardchartered.com/vn/latest-news/03-08-completes-acquisition-of-american-express-bank/en/ |url-status=dead }}</ref>

On 13 November 2008, Standard Chartered Bank (Hong Kong) Limited, entered into an agreement with [[J.P. Morgan Cazenove|JPMorgan Cazenove]] to acquire 100% of Cazenove Asia Limited, an Asian equity [[capital market]]s, [[corporate finance]], and institutional brokerage business.<ref>{{Cite web |title=Standard Chartered to acquire Cazenove Asia Limited |url=http://www.standardchartered.com.hk/news/2008/press_20081113.pdf |access-date=16 August 2012 |archive-date=10 March 2012 |archive-url=https://web.archive.org/web/20120310150554/http://www.standardchartered.com.hk/news/2008/press_20081113.pdf |url-status=dead }}</ref>

On 27 November 2009, ''[[Dow Jones & Company|Dow Jones]] Financial News'' reported that Dubai will restructure its largest corporate entity. Among international banks, Standard Chartered has one of the largest loan portfolios in the Dubai market and the UAE as a whole, estimated to be [[USD|$]]7.77&nbsp;billion in total. This amounts to 4.2% of Standard Chartered's total loans outstanding. Other impacted banks included [[HSBC]], [[Barclays]], and [[Royal Bank of Scotland|RBS]]. The bank stated that any impairment arising from this exposure would not be material.<ref>{{Cite news |last=Poon |first=Aries |date=21 December 2010 |title=Lender says no material impairment from Dubai |work=The Wall Street Journal |url=https://www.wsj.com/articles/SB10001424052748704240504574585451907841622 |access-date=19 April 2011}}</ref>