The UK bank’s wealth management income saw a slow recovery, driven by a rebound in key markets such as Hong Kong and China.

Standard Chartered Bank (SCB) has reported US$1 billion in wealth management (WM) income during the first half of 2023, a two percent increase compared with the prior-year period, with a large gain in affluent net new money, according to the bank’s half-year earnings report. We couldn’t be better positioned to generate good, strong growth in our wealth management business, and we're just getting started - Bill Winters Asia-focused SCB highlighted that income year-on-year (YoY) ro

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