Thursday, February 17, 2022

Standard Chartered Posts Narrower Q4 Loss, Ups Dividend; Sees Income Growth; Stock Down

British bank Standard Chartered Plc reported narrower loss in its fourth quarter with increased operating income, while net interest income was weak. Further, the company announced higher dividend, along with a share buy-back programme of $750 million, which will start imminently. The shares were losing around 4 percent in London trading.

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