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StanChart profit falls 37% on impairments, US settlement
Published Thu, Mar 5, 2015 · 09:50 PM
London
BRITISH bank Standard Chartered, which generates most of its earnings in Asia, said on Wednesday that profit fell 37 per cent in 2014.
It cited higher charges for bad loans and other credit risks, an accounting charge on its Korean business and a previously announced settlement with the US authorities.
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