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StanChart closing accounts of some financial institutions

Move follows business review; bank says financial institutions are still an important client base
Wednesday, November 19, 2014 - 05:50
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Standard Chartered Bank Singapore has moved to shutter accounts with selected Singapore financial institutions as part of its business review.

Singapore

STANDARD Chartered Bank Singapore has moved to shutter accounts with selected Singapore financial institutions as part of its business review, as the lender comes under tremendous pressure to improve profits.

A small financial institution told The Business Times that the

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