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StanChart PB profit stabilises; Greater China/North Asia almost back to pre-COVID level

Standard Chartered Private Bank kept its 3Q20 profits in positive territory despite a slight downturn. Greater China and North Asia spearheaded a recovery as business capacities in the region almost returned to levels before the global pandemic hit. Profit turnaround During 3Q20, the British lender’s wealth management business underwent a recovery with a marked 16% YoY increase in income, though…

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