 
                  
Bitcoin’s value may hit $50,000 mark this year and reach $120,000 by end of 2024: Standard Chartered
Since the beginning of the year, the price of Bitcoin has increased by 80%.
Stay updated with the latest news and articles about Standard Chartered.
 
                  
Since the beginning of the year, the price of Bitcoin has increased by 80%.
 
                  
The British bank increased its CAD forecast for the fiscal year that ends in March 2023 from its previous estimate of 3.0% to 3.8% of India's GDP, which is higher than the predictions of rivals Morgan Stanley, Goldman Sachs, and Nomura.
 
                  
Revised pretax profits for 2021 rose 55% to $3.9 billion, losing a firm-compiled estimate of $4.3 billion, crushed by a $300 million write-down on its purchase in China Bohai Bank.
 
                  
 
                  
India’s anti-money laundering agency, Enforcement Directorate (ED) fined Standard Chartered Plc 100 crore rupees (US$13.6 million) for breaking foreign exchange rules when it worked on the takeover of a local bank, Tamilnad Mercantile Bank. This marks one of the country’s biggest penalties imposed on an overseas lender.
 
                  
Standard Chartered Bank partnered with Airtel Africa to improve financial inclusion in the region.
