23rd Jul 2014 05:51
LONDON (Alliance News) - Standard Chartered PLC is now pulling back in its heartland of Asia and losing deals to regional rivals, the Financial Times reported online on Tuesday, citing senior figures at the bank.
The FT said that the bank has called a halt to its expansion as it seeks to conserve capital due to falling profits.
http://www.ft.com/cms/s/0/075c823a-1107-11e4-94f3-00144feabdc0.html#axzz38Gek07ul
By Samuel Agini; [email protected]; @samuelagini
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