Standard chartered's modest 4% rise in revenues in the third quarter from a year ago disappointed investors and raised concerns the bank's turnaround has stalled. Asia-focused Standard Chartered last week said revenues in its financial markets division fell 9% from a year ago to US$663m as it suffered from the same reduced trading activity that hit rival banks last quarter. Within that, foreign exchange income dipped 4% to US$238m, rates revenue was down 8% at US$172m, commodities fell 29% to US$42m and credit and capital markets revenues dropped 20% to US$90m.
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