StanChart to cut costs, exit smaller businesses in fresh growth strategy

StanChart to cut costs, exit smaller businesses in fresh growth strategy

Passersby walk in front of the main branch of Standard Chartered in Hong Kong January 8, 2015. REUTERS/Bobby Yip

Standard Chartered PLC has unveiled plans to double returns and dividends in three years by cutting $700 million in costs and boosting income, even though the bank missed its previous targets in tough market conditions.

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