Standard Chartered Plc, an international banking group, is considering expanding its presence on the African continent in the areas of wealth management and deal-making. This decision comes on the heels of the company's withdrawal from several small operations in the region over the past three years. Chris Egberink, the CEO and head of the bank's operations in South Africa, announced plans to open full-service banks in several countries, with Morocco among the contenders.
In recent years, the investment service market has undergone rapid evolution, and Robinhood continues to showcase its innovative spirit by expanding beyond traditional online trading. The new Robinhood Strategies service is designed to enhance wealth management capabilities while offering private banking services to investors with modest portfolios. This development reflects the growing demand for professional advisory services and highlights how a trading platform can adapt to shifting financial habits.