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History will probably observe that 2017 was when Standard Chartered started to turn things around after several years of misery and misadventure.
It is still a very hard slog. But more than two years on from Bill Winters’ appointment as chief executive in June 2015, the bank is making profits, improving asset quality, shedding bad businesses and strengthening its balance sheet.
More than that, the bank has sought to completely change its culture, particularly in its most vital business, corporate and institutional banking.
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