Standard Chartered set for record $7 billion profit despite Iran fine
LONDON (Reuters) – Standard Chartered is set to report its 10th successive record annual profit on Tuesday after strong growth in its core Asian markets offset a big fine for breaking sanctions on Iran. A $667 million fine from U. S. authorities is likely to have wiped out much of the London-based bank’s growth last year, but profits should still rise 4 percent to $7 billion, according to the average forecast of 16 analysts polled by Reuters. In a rare blip after a decade of buoyant growth and few problems, Standard Chartered was last year hit by a U. S. . . .
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