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WM business profit jump a bright spot in StanChart FY21 results

Standard Chartered’s 2021 full year profits improved after a challenging year, with its key wealth business posting a 51% YoY jump in underlying profit before tax. The key wealth management business — Consumer, Private & Business Banking (CPBB), combining private and retail banking — recorded US$1.07 billion in underlying profit before tax, 51% more than in FY20, on the back…

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