Dip in bad loans reveals green shoots in StanChart revival
(WorldNews Business)

By Lawrence White LONDON (Reuters) - A sharp dip in bad loans shows that Standard Chartered is turning a corner, its Chief Financial Officer told Reuters a day after reporting the bank`s first quarter profit had doubled. StanChart set aside just $200 million in provisions against bad loans for the first quarter, 58 percent lower than a year ago, lifting its shares 5 percent on Wednesday. Losses from bad debts have...