A bit of history of Stanchart......
Where did Standard Chartered Bank come from?
Surprisingly, standard chartered bank was called, “The Standard Bank of British South Africa, Limited” quite a mouthful. It was incorporated in London on 15 Oct 1862 by a group of south African businessmen led by John Paterson. (Wikipedia) The bank started operations in 1864 in Port Elizabeth, South Africa.
The bank grew by merging with several banks and by 1867 was a prominent in financing the development of diamond fields of Kimberley.
Standard Bank of South Africa Limited – 1881. The word “British” was dropped.
The bank expanded northwards of South Africa when Gold was discovered in Witwatersrand, which is on the north side of South Africa.
In 1912 it opened a branch in New York City.
By 1950s, Standard Bank has some 600 offices around Africa.
1962, the bank was renamed Standard Bank Limited.
In 1969, the Standard Bank became Standard Chartered Bank after merging with Chartered bank of India, Australia and China. Today, the Standard Bank name is still used in South Africa.