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Standard Chartered wealth management income down 17% for FY22

Standard Chartered reported a 17% decrease in wealth management income for 2022 due to risk-adverse customer sentiment and the impact of COVID-19 restrictions, the Asia-focused bank announced on Thursday. For 4Q2022, wealth management income fell 19% YoY on a constant currency basis. “As we go into 2023, we are optimistic that as these factors recede, the wealth management business can…

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