Standard Chartered is set to post a jump in adjusted pretax profit for the quarter, though it faces challenges ahead. The lender is considering restructuring its institutional banking unit to improve returns, a move that may include job cuts. That’s as it’s been forced to set aside more reserves for souring loans linked to Chinese commercial property in recent years.
HSBC Holdings Plc and Standard Chartered Plc may spell out the risks brought on by their China property operations and a Federal Reserve pivot when they report earnings.
Slimmer margins are predicted for HSBC and Singapore lender United Overseas Bank (SGX:U11
) (UOB) (SGX:U11) Ltd., as was on display when peers Commonwealth Bank of Australia and State Bank of India reported earlier.
