StanChart plans to create new hubs in Singapore, HK for Asia operations

A pedestrian walks past the Standard Chartered Bank building in Hong Kong, China, on Monday, Feb. 13, 2017. Photographer: Anthony Kwan/Bloomberg

Standard Chartered Plc plans to create two new hubs for its Asian operations in Singapore and Hong Kong to simplify the emerging market lender’s extensive network and reduce costs, people familiar with the plan said.

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