Standard Chartered Q1 pretax profit rises.

Standard Chartered reported a 5.5% rise in Q1 pretax profit to $1.91bn, beating estimates and driven by higher interest rates. The bank, with most revenue in Asia, maintained its 2024 guidance and experienced a $165m writedown in credit impairments during Q1, compared to $20m in the previous year's Q1. Net profit rose to $1.22bn, with higher trading income contributing to the increase.

May 02, 2024
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