Standard Chartered Posts Loss, FY16 Performance To Remain Subdued; Stock Down

Shares of Standard Chartered Plc declined around 7 percent in the morning trading in London after the lender reported Tuesday a loss in its fiscal 2015, compared to profit last year, mainly due to restructuring charges. Operating income declined amid challenging market conditions and partly the result of deliberate management actions. The Board confirmed its earlier decision not to declare a final

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