Standard Chartered Private Bank’s assets under management (AUM) declined by 4% YoY to US$54.2 billion and its underlying profit before tax fell by as much as 68% over the same period, according to the bank’s year-end financials. StanChart attributes this decline in AUM “to actions we took to improve our risk profile as well as maturing deposits”. The bank said that this offset…
StanChart’s private banking assets dip, hiring and tech investments continue
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