StanChart books $190mn charge on Iran war
Standard Chartered records $190 million charge related to Iran war risk.
impact+0.60
sentiment-0.20
n=3
standard chartered booked a $190mn charge related to the iran war, even as it reported a record quarterly profit. the bank set aside the funds to hedge against middle east risk. the asia-focused lender didn't let the geopolitical exposure derail its earnings — the record profit came despite the charge.
read at ft_home →