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
-
Barclays begins paying up to £100 compensation to customers after banking outageBarclays will pay up to £7.5 million in compensation to customers after its banking services were disrupted by an IT outage
-
Review: Shangri-La Paris – an ode to the world’s best foodNatasha Langan enjoys fine French and Chinese cuisine at the Shangri-La Paris
