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StanChart posts muted 3Q21 performance with drop in consumer unit pre-tax profit

Standard Chartered put up a muted 3Q21 earnings performance within its global consumer, private & business banking (CPBB) unit, with pre-tax profit sliding 13% YoY. The UK-based lender said on Tuesday that the CPBB business — the new organisational setup that merges private and retail banking — delivered an underlying pre-tax profit of US$259 million in 3Q21, dampened by lower…

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