Standard Chartered posts profit fall.

Global Banking News-October 26, 2023--Standard Chartered posts profit fall

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Global Banking News - 26 October 2023

British banking firm, Standard Chartered (LSE: STAN) has posted a fall in profit.

The firm reported that its first-half pre-tax profit rose 19 percent. Pre-tax profit dropped 33 percent in the third quarter of the year.

The firm suffered a USD1bn hit from exposure to China's banking and troubled real estate sectors.

The bank has posted a pretax...

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