Get all your news in one place.
100's of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
Business
Holly Williams

Standard Chartered to double spending on wealth arm as outlook hiked again

Standard Chartered has pledged to double investment in its fast-growing wealth management business as the bank raised its outlook after a forecast-beating third quarter (Alamy/PA) -

Standard Chartered has pledged to double investment in its fast-growing wealth management business as the bank raised its outlook after a forecast-beating third quarter.

The London-listed group, which makes most of its revenues in Asia, posted a 37% jump in underlying pre-tax profits to a better-than-expected 1.81 billion US dollars (£1.39 billion) for the three months to September 30.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.