Standard Chartered to Cut Jobs, Shut Equities Business

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HONG KONG—Standard Chartered PLC is to close a stock-trading and underwriting business with a detriment of about 200 jobs and strew a serve 2,000 sell banking jobs this year as it looks to condense $400 million in costs and retreat a slip in profits.

The U.K. based, Asia-focused lender is shutting a money equities, equity investigate and equities collateral markets business, all of that have been unprofitable. The cuts will save…

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