StanChart Reports 2000 FX Income Fall

NEWS

LONDON--Rana Talwar, CEO of Standard Chartered Bank in London, last week said the bank had reduced its dependence on foreign exchange following the reduction in volatility in the Asian currencies after the 1997 and 1998 crises. He was speaking at the publication of the bank's 2000 annual results, which showed a modest drop in FX income.

Standard Chartered now focuses on broader-based treasury products, including debt and fixed income, the report said.

Standard Chartered Bank reported income

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