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StanChart Private Bank profits fall 96% in H1

As the banking group continues to streamline its banking and regional units, Standard Chartered (StanChart) Private Bank saw global profits plunge by 96% year-on-year in the first half of 2015. StanChart Private Bank’s profits fell by US$68 million to US$3 million due to increased impairment provisioning, the bank said in its latest financial report. Revenue from the private bank dipped…

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