StanChart, Ant Group to partner in green finance, global fund management

News Snapshot:

Companies Standard Chartered PLC Follow July 31 (Reuters) - China's Ant Group and Standard Chartered (STAN.L) said on Monday they will work together in green finance and global fund management, broadening their existing partnership. The deal is the first high-profile tie-up between Ant and a major foreign bank since authorities cancelled a planned mega-IPO by the fintech giant in 2020. StanChart will help Ant build "an industry-leading global liquidity and foreign exchange management structure", they said in a joint statement. Ant did not immediately respond to a request for comment on what that might entail. A StanChart spokesperson did not...