StanChart posts high single-digit Q1 income growth

Standard Chartered said on Wednesday its first-quarter income grew less than its previous 10 percent target, as the strength of the dollar against Asian currencies impacted income growth. London-based ...

HONG KONG (Reuters) - Sta

HONG KONG (Reuters) - Asia-focused bank Standard Chartered expects to pay about $330 million to U.S. regulators as settlement for its failure to comply with sanctions against Iran, denting its full year profit growth. The payment is on top of the $340 million it has already paid to the New York State Department of Financial Services in the third quarter. As a result of the New York settlement, profit before tax is expected to grow at a mid-single digit rate, the bank said. Any earnings growth will mean StanChart is on track for a 10th straight year of record profits. ...

HONG KONG (Reuter

HONG KONG (Reuters) - Asia-focused Standard Chartered Bank Plc reported a market-beating 17 percent rise in first-half pretax profit on Wednesday, helped by strong growth in some key markets such as Hong Kong, keeping it on track for another year of record profits.

HONG KONG/LONDON (Reuters) - Staff cuts coupled with growth in Hong Kong and other key Asian markets have put Standard Chartered Plc on track for record profits in the first half of this year, up over 10 percent on a year earlier.

Reuters - Asia-focused Standard Chartered Bank Plc reported a market-beating 17 percent rise in first-half pretax profit on Wednesday, helped by strong growth in some key markets such as Hong Kong, keeping it on track for another year of record profits.

Reuters - Staff cuts coupled with growth in Hong Kong and other key Asian markets have put Standard Chartered Plc (2888.HK) on track for record profits in the first half of this year, up over 10 percent on a year earlier.