HONG KONG/LONDON: Standard Chartered said third-quarter profit slid 40% on higher credit impairment resulting from the coronavirus pandemic and lower interest rates, although a tighter rein on costs helped it beat expectations.
Underlying pretax profit came in at $745 million for the three months ended Sept. 30, down from $1.24 billion a year ago, but above the $502 million average of analysts' forecasts compiled by the bank.
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