Standard Chartered profits rise 3% on ‘strong’ inflows from wealthy clients
Asia-focused bank’s pre-tax quarterly figure was higher than analyst estimates
Related reading
Standard Chartered books $190mn charge on Iran war
Asia-focused bank reports record quarterly profit even as it sets aside funds to hedge against Middle East risk
Standard Chartered to double number of Singapore bankers serving wealthy Chinese
Expansion comes despite increased scrutiny of flows from China after high-profile money-laundering scandals
HSBC profits fall on higher credit charges
First-quarter income dips to $9.4bn, missing analyst expectations
Lloyds profits soar 33% as higher interest rates boost income
Bank slashes expectations for UK growth but keeps guidance steady
Banks’ asset growth outstripped by non-traditional institutions’
Private credit groups, hedge funds and other institutions account for more than half of global financial assets
HSBC profits hit by $2.1bn charge on Chinese bank stake
Quarterly earnings fall 29% as stake in Bank of Communications is diluted