Summary
STANDARD Chartered caught City investors on the hop yesterday by raising up to GBP1bn in fresh capital to give the bank fire-power to take advantage of opportunities as Asian economies and customers recover from the global slump.
The London-listed bank, which conducts most of its business outside of the UK, announced the placing of 75 million shares at 1360p each alongside results for the past six months that beat analysts' forecasts.See the full content of this document
Extract
Standard Eyes Asian Boost After Shares Sale
Chief executive Peter Sands said the placing would put the bank in a stronger position when its Asian markets...
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