Standard Chartered to focus on wealth business, sell units after upbeat earnings

Net profit for the three months to September came in at US$931 million under international accounting rules, beating forecasts of US$886 million. Operating income, which is similar to revenue in US accounting terms, rose 11 per cent to US$4.9 billion. “We have delivered a strong performance in the third quarter driven by a record quarter in wealth solutions and strong growth in our global markets business,” CEO Bill Winters said in a statement to the Hong Kong stock exchange on Wednesday.Read More