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Standard Chartered global PB out of the red in FY19; Hong Kong PB achieves “strong double-digit” income growth

Standard Chartered global private banking turned losses into profits in 2019. The bank enjoyed “strong double-digit” growth in North Asia and the Greater China market, and saw “very encouraging progress” in the launch of Priority Private (minimum assets of US$1 million) in five markets in Asia, it announced on Thursday. Standard Chartered reported an underlying loss before taxation in its…

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