Standard Bank probes irregularities

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StandardBank1111

Reuters.

Businessmen chat in front of a Standard Bank logo in Sandton outside Johannesburg.

London - Standard Bank has started an investigation into potential irregularities at Qingdao port in China, the South Africa-based bank said on Tuesday.

“Standard Bank Group is not yet in a position to quantify any potential loss arising from these circumstances,” it said in a statement.

The bank “will be working with the local authorities as part of its investigations”, it added. - Reuters


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