Investment Banking

Standard Chartered profit rises in third quarter

Bank will announce the board’s development plans for the next three years in February

Standard Chartered said on Wednesday that pre-tax profit in the third quarter rose 37% compared with the year-earlier period.

For the quarter ended September 30 the Asian-focused bank made a pre-tax profit of $1.06bn, compared with $774m a year earlier. Net interest income was $2.19bn, compared with $2.03bn a year earlier.

WSJ Logo
110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink