Standard Chartered Private Banking income down 15%

4 November 2015 | 3 minutes read

Income from Standard Chartered Private Banking’s third quarter results fell by 15% due to the impact of business exits and performances. The Asia-based lender’s income sat at US$435 million, down from US$469 million a year ago, due in part to weaker demand for wealth management products in Hong Kong and Singapore. Excluding business exits, income was down by 9% in the…

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