Signage is illuminated at a Standard Chartered branch in Hong Kong. Photo: BloombergSignage is illuminated at a Standard Chartered branch in Hong Kong. Photo: Bloomberg
Signage is illuminated at a Standard Chartered branch in Hong Kong. Photo: Bloomberg

Standard Chartered takes optimistic view on bad loan charges in second half, beats analysts estimates

  • Standard Chartered increased its reserves for credit impairments to US$1.6 billion in the first half of the year as coronavirus pandemic hit borrowers
  • ‘No one will miss a pay cheque in 2020,’ says CEO Bill Winters, as employees losing their jobs as part of the revamp will be paid through the end of the year

Topic |   Banking & Finance
Signage is illuminated at a Standard Chartered branch in Hong Kong. Photo: BloombergSignage is illuminated at a Standard Chartered branch in Hong Kong. Photo: Bloomberg
Signage is illuminated at a Standard Chartered branch in Hong Kong. Photo: Bloomberg
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