Standard Chartered announced a pre-tax loss of US$359 million for the fourth quarter of 2016, versus analysts’ forecasts of a US$1.33 billion profit. Photo: K. Y. Cheng

Standard Chartered results ‘not yet where they need to be,’ says CEO

The bank will not issue a dividend and posts a pre-tax loss in the fourth quarter

Topic |   Hong Kong company reporting season

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Standard Chartered announced a pre-tax loss of US$359 million for the fourth quarter of 2016, versus analysts’ forecasts of a US$1.33 billion profit. Photo: K. Y. Cheng
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