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StanChart sees more cost cuts, but plans for growth in Singapore

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Singapore chief executive Patrick Lee said the bank will streamline operational processes, review third-party vendor costs and headcount in "more expensive locations across the group".

Singapore

STANDARD Chartered is doubling down on its restructuring with more cost cuts that may involve shaving jobs. But, the bank also has plans for growth in Singapore and said it would grow its affluent clientele and put more money behind digitalisation, among other strategies....

sentifi.com

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