Standard Chartered worker
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Standard Chartered profits rise by 19%

One of the biggest names in Asian banking, Standard Chartered, has posted a 19% rise in annual pre-tax profits to $6.1bn.

It is lending more money as well - loans and advances are 22% higher.

But the bank has also been hit by the rising cost of recruiting extra staff.

Brian Milligan reports.

  • 02 Mar 2011