Standard Chartered registers $190m charge on Iran war

City AM — Apr 30, 06:34 AM

Standard Chartered booked a provision for the Iran war. https://www.cityam.com/wp-content/uploads/2024/11/Standard-CHartered-1-1-1.webp?w=1107" />

Standard Chartered’s impairment charges jumped in the first quarter as the bank set aside a hefty sum to cover volatility in the Middle East.

The FTSE 100 giant booked $296m in credit impairment charges, with $190m of this coming from “precautionary management overlays” related to the war in Iran.

The Asian-focused bank’s activity in the https://www.cityam.com/standard-chartered-registers-190m-charge-on-iran-war/">[...]

Read full article at City AM →

Standard Chartered hits record profit

StanChart profit rises 19% as wealth management offsets lower rates and rising bad loans South China Morning Post — Apr 30, 06:35 AM
Standard Chartered tops forecasts, downplays Gulf conflict risks Seeking Alpha — Apr 30, 05:50 AM