Standard Chartered Bank has appointed a new chief executive for Europe who will also be co-chairman of its private bank.

Richard Holmes was previously chief executive of American Express bank, which was acquired by Standard Chartered this year.

Tara Loader Wilkinson

Standard Chartered

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The prospect of a radical escalation in the global trade war in the coming days has nearly doubled the probability of a recession in the U.S. economy in the next 12 months to around 35%, according to Goldman Sachs.

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New European head for Standard Chartered

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