Standard Chartered first-quarter profit more than doubles on economic rebound

//Standard Chartered first-quarter profit more than doubles on economic rebound

Standard Chartered first-quarter profit more than doubles on economic rebound

Standard Chartered, one of Hong Kong’s three currency-issuing lenders, said its profit more than doubled in the first quarter as economies in Asia and other parts of the world rebounded from a slowdown prompted by the coronavirus pandemic.Like many of its rivals, the emerging markets-focused bank has been trying to keep its costs in line during a period of historically low interest rates. The bank is adopting more flexible working arrangements, allowing it to shed office space and further trim…

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By | 2021-04-29T04:56:08+00:00 April 29th, 2021|Business|Comments Off on Standard Chartered first-quarter profit more than doubles on economic rebound