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StanChart PB takes US$1m loss under restructuring, new investment drive

Standard Chartered Bank’s private banking arm endured a US$1 million (before tax) loss in 2017 as the bank upped investments in the business. Restructuring efforts, set in motion in 2015, also remain in full swing as the private bank aims to reset its client focus. The lender, which reported its earnings today, said that its push to increase revenues from…

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