Standard Chartered's Q1 Net Profit Surges Thanks to Trading Income Rise
Thursday, 2 May 2024, 04:36
Standard Chartered Reports Increased Profit Boosted by Trading Gains
The London-based bank, Standard Chartered, has unveiled a notable rise in its first-quarter net profit, attributed to a surge in trading income. Although earnings from lending experienced a decline, the bank's overall performance was bolstered by gains in its trading activities. The quarter's results demonstrate the bank's resilience and adeptness in generating profits through strategic trading operations.
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