StanChart profit sags after US$1b hit on Korean business

Asia-focused bank Standard Chartered took a US$1 billion hit on the value of its Korean business on Tuesday, dragging first-half profit down by 16 per cent.

via Business feed http://www.scmp.com/business/banking-finance/article/1294675/stanchart-profit-sags-after-us1b-hit-korean-business