Standard Chartered swings to $2.36bn net loss in 2015
Hong Kong economy
Hong Kong - Arab Today
Asia-focused bank Standard Chartered swung to a $2.36 billion net loss in 2015 against a backdrop of global market volatility, restructuring costs and bad loans.
Chairman John Peace described the performance as "poor" in what he called a watershed year, which saw the company announce it would axe 15,000 jobs under new CEO Bill Winters.
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