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10.11 - 18:43
Standard Chartered reports 44% profit jump
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fnlondon.comStandard Chartered’s underlying pretax profit rose 44% to $1.075bn for the third quarter, continuing on a recovery path as its operating income returned to growth and credit impairments eased further.
The bank’s operating income rose 7.0% from a year earlier to $3.765bn, as strong business momentum more than offset a lower net interest margin.
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