Business

StanChart Clearly Needs to Take Action: Asia CEO

"Jaspal, thanks very much for being with me. Your interim profits down by a fifth, that was pretty much as you had suggested in guidance, but what is Standard Chartered really going to do at this point to get growth back on track?" "I think clearly, a lot of action needed, and a lot that we've already begun. For the few that are center stage, we're derisking the unsecured book, we're reshaping Korea, and we are obviously keeping a huge focus and discipline on cost."

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