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StanChart profit falls 37% on impairments, US settlement

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"I leave Standard Chartered proud of what we have achieved and confident about what the future holds for this extraordinary institution." - CEO Peter Sands

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

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