| Chartered Bank Of India, Australia And China |
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| standard chartered | |
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The Chartered Bank of India, Australia and China (or simply '''The Chartered Bank''') was a bank founded in 1851 / 1853 following the grant of a Royal Charter from Queen Victoria . It opened its first branches in 1858 in Calcutta and Bombay and soon after in Shanghai . The following year, it opened a branch in Hong Kong and an agency in Singapore . In 1861 , the Singapore agency was upgraded to a branch. In 1862 , the bank was authorised to issue bank notes in Hong Kong, a privilege it continued to exercise till the end of the 19th century. Over the following decades, it printed bank notes in China and Malaysia . The bank's expansion continued through the 1860s to the 1900s opening branches across Asia. In the early 1900s , the bank opened offices in New York and Hamburg becoming the first foreign bank to be issued a license to operate in New York. The bank was greatly affected by the two World War s. The bank's office in Yokohama , Japan was destroyed by an earthquake in 1923 killing a number of its staff. In 1957 , the bank acquired the Eastern Bank which gave it a network of branches in Aden , Bahrain , Beirut , Cyprus , Lebanon , Qatar and UAE . It merged with the Standard Bank Of South Africa in 1969 , and the combined bank became the Standard Chartered Bank . REFERENCES
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