Profit before tax (PBT) at Standard Chartered’s private banking business contracted in 2020, but the British lender said it is welcoming a positive start of the year with wealth management and financial markets delivering growth. In FY20, the bank’s private banking business recorded a PBT of US$62 million, down 34% YoY. Its 4Q20 PBT retreated into the red, seeing a…
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