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StanChart’s private banking unit reports 2% income rise YoY

Standard Chartered on Wednesday reported a 2% YoY increase in private banking income for the first quarter to end-March, with Hong Kong flagged as a notable growth driver for the group’s private banking and retail divisions. After declining by 6.4% YoY in the prior quarter, private banking income rose to US$117 million. Group profit before tax leapt 94% YoY to…

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