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StanChart’s private bank unaffected by ED and CB business closure

Standard Chartered (StanChart) will shut its equity derivatives (ED) and convertible bonds (CB) business, following its strategic exit of cash equities, equity research and ECM earlier this year. However, this will not affect its private bank, a spokesperson tells Asian Private Banker. “We are committed to providing liquidity on all our products, including those listed on the stock exchange and…

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