Standard chartered bank (STAN. L) report continuous 10 years record profits, Tuesday at its core the Asian market strong growth offset a lot of fine, break sanctions against Iran.
For a $6.67 million fine, the authorities are likely to have destroyed a lot of headquarters in London bank last year's growth, but profits are still up 4% to $70 billion, according to Reuters survey of 16 analysts' average forecast.
In a rare's a flash in the pan after a decade of strong growth and some problems, standard chartered bank in the United States last year of fine move millions of dollars of American banking system customer representative in Iran and other sanctions country.
Standard chartered bank also said concern "avalanche" additional regulation, especially the more strict liquidity rules imposed by the British regulators.
Britain imposed tougher capital and liquidity rules and bank assets tax, land each year more than 32 billion us dollars, standard chartered bank a bill, restore guess it may seem its headquarters from London to Asia.
The upper limit of a project not more than two times the employee's salary bonus may also hinder bank salary structure.
Standard chartered bank (2888 HK) on the rise of Asia, in the past ten years most of the time, allowing him to continue to hire and improve the profitability of the industry is shrinking.
More than 6 years of bank, by a former McKinsey consultants XianBoDe (Peter Sands), estimated to be 2012 years has increased about 2000 employees, and said it could expand this year, similar amount less than its rise, although the plan to keep costs, income.
The bank's annual performance is expected to appear in Malaysia, China and Indonesia, reflect the strong growth in its rival HSBC holdings (HSBA. L: prices) in its biggest market, Hong Kong and strong earnings.
Analysts said, standard chartered in India's business, accounting for about 10% of the profits, income is expected to decline, there are still a lot of risk, income this year will remain slow.
Other News:
Most of Fla. house over sinkhole demolished
Standard Chartered set for record $7 billion profit despite Iran fine
Carbon Cuts Require Big Shift by Power Industry
Optimistic India budget jars with revenue reality
Syrian rebels report capture of provincial capital
'Giant Slayer' scares up ho-hum $28 million debut
Obama to tap Walmart's Burwell for budget chief
Glencore bartered with firm linked to Iran nuclear program