Standard Chartered profits from geopolitical fragmentation as earnings soar: CEO

Standard Chartered expects to sustain its strong earnings growth by capitalising on rising wealth in Asia and the Middle East, growing demand for cross-border financial services and the digitisation of money, as rising geopolitical tensions reshape global finance, group chief executive Bill Winters said on Friday. The London-based lender has shifted its business model away from traditional lending towards fee-generating services, including trade finance, capital markets advisory and wealth...