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Standard Chartered Shares Sink 12% After Sharp Profit Drop

    Standard Chartered has now set aside a total $1.1 billion in the past two years to cover losses that sector. *Standard Chartered cut the value of its stake in [China Bohai Bank](https://ift.tt/AhmpnUH) by $697 million because of subdued earnings at the Chinese lender and a weaker economic outlook in the region.

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