HONG KONG: Banking giant Standard Chartered said pre-tax profits were up 34 percent in the first half of the year on Tuesday, in a sign restructuring and cutbacks were supporting a recovery at the lender.
Results in the six months to June showed statutory pre-tax profits of $2.35 billion, up from $1.75 billion year-on-year as the London-based bank continues its recovery from a string of bad debts and misconduct fines.
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