Standard Chartered announces £3.3bn cash call

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Standard Chartered announces £3.3bn cash call

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10-13-2010, 10:31 AM

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Standard Chartered announces £3.3bn cash call

London-based emerging markets bank, Standard Chartered, has today announced plans to tap investors for £3.3 billion by selling fresh shares in the banking group. The cash call, which represents the biggest for the bank, comes after new Basel III regulations, which agreed how much equity banks must hold in reserve in order to prevent another [...]

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