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Daily Digit: Standard Chartered Profits Rise Despite Fine

Description:6.9 billion dollars is today's daily digit - the pretax profit notched up by Standard Chartered last year. It's a 1 percent increase on the previous year and the bank's tenth rise in a row. It's largely thanks to success in Asia over the last decade. That offset a fine of more than $650m for breaking US sanctions on Iran and the extra costs of implementing new regulations. The bank says the rules on liquidity and capital combined with a UK bank tax cost them upwards of $500 million a year. (1:01)

Source: Reuters

Tags: reuters , Peter Sands