Standard Chartered – Buyback Bellwether
Standard Chartered PLC (LON:STAN)’s Full year underlying operating income was $14.7bn, down 1%, ignoring the effect of exchange rates. That reflects a fall in net interest income, which is earned largely from interest payments, and flat other income, which includes things like fees. Q4 2021 hedge fund letters, conferences and more Underlying pre-tax profit rose 61% to $3.9bn. This was largely thanks to much lower credit impairment charges as the economic backdrop improved. The group plans to achieve a return on tangible equity of 10% by 2024. This will include generating higher income – helped...