StanChart's "snap" decision nearly a year in the making
January 08, 2015 at 10:02 AM EST
HONG KONG/SINGAPORE, Jan 8 (Reuters) - Standard Chartered CEO Peter Sands's decision to cut the bank's loss-making equities business was almost a year in the making, despite the shock Thursday's announcement caused among staff in the division, according to sources at the bank and recruiters.