The bank’s full-year net profit was $618m, down from $774m 2017

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Standard Chartered said it would step up its restructuring by cutting another $700m in costs and pulling back on some activities in markets including India and Indonesia.

The new three-year strategic plan came as the bank reported net profit for 2018 of $618m, down from $774m in 2017. Revenue of $15bn was up 5% on $14.3bn the year before.

Standard Chartered to accelerate restructuring as profits fall

Standard Chartered profit drops, missing forecasts

Margot Patrick

Standard Chartered

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