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StanChart `Claws' Toward Earnings Goal Despite Cost Concerns

StanChart `Claws' Toward Earnings Goal Despite Cost Concerns

Standard Chartered Plc’s Bill Winters is closing in on his return target after three years spent struggling to transform the emerging markets lender, but the bank hasn’t shaken off concerns about costs and growth. The lender posted the highest quarterly revenue of the chief executive’s tenure and warned expenses may escalate this year.