Temasek-backed StanChart profit plunges to lowest since 1998 as loan impairments hit new high

Temasek-backed StanChart profit plunges to lowest since 1998 as loan impairments hit new high

Photo: Reuters

Standard Chartered (StanChart) could claw back bonuses from up to 150 senior staff after slumping to its first annual loss since 1989, as hefty restructuring costs and weak commodity prices took their toll on the emerging markets-focused lender.

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