Standard Chartered's Steve Bertamini, the head of consumer banking, bought over £270,000 worth of shares in the Asian bank.
Bertamini has bought 38,000 shares at £7.22 each to increase his stake to 40,000 shares.
Last week, Standard achieved record profits in the first ten months of 2008 and said it remains well capitalised. It still took the opportunity to strengthen its balance sheet through a £1.78bn rights issue.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Top Director Buys
Value: £274,512
Value: £100,000
Value: £100,000
Value: £61,646
Value: £78,766
Value: £57,500
Value: £53,559
Value: £49,784
Value: £49,676
Value: £49,500
Top Director Sells
Value: £321,310
-
Average earners now face £200,000 inheritance tax bill - how much will your estate owe?‘Double whammy’ of inheritance tax changes means even the estates of those earning the average UK wage could face bills, not just the very wealthy
-
Are the wealthy dodging more tax than previously thought?A new report suggests tax non-compliance among the wealthy could be worse than previously imagined. Is an overly complex system partly to blame?
