Financial markets income holds up for Stan Chart
Standard Chartered posted stronger numbers for financial markets products last quarter than its peers, with the investment bank also reducing credit impairment levels.
Operating income for financial markets products overall jumped by 8.2% to $580m, compared with the last quarter 2017, the bank reported on Tuesday.For the biggest portion of that, foreign exchange, income rose by 11.5% to $232m. Commodities income soared by 42.9% to $50m and the capital structuring ...
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