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
Asia-focused bank reports record quarterly profit even as it sets aside funds to hedge against Middle East risk

Asia-focused bank’s pre-tax quarterly figure was higher than analyst estimates

Expansion comes despite increased scrutiny of flows from China after high-profile money-laundering scandals

JPMorgan Chase, Citigroup and Wells Fargo reported more than $25bn of profits for the first quarter

First-quarter income dips to $9.4bn, missing analyst expectations

Central bankers and economists prepare to meet in Washington to assess conflict’s damage

Investors risk being too complacent about war in the Middle East