You are here

StanChart mulls raising at least US$4 billion

Sources say it has made no final decision yet over a possible share sale

BT_20151031_STANCHART_1953955.jpg
SLIDING PROFIT: The bank has felt the brunt of a turmoil sparked by plunging commodity prices and concern that China's economy is slowing more than expected.

London

STANDARD Chartered Plc has held discussions with bankers on raising at least US$4 billion as British regulators toughen scrutiny on lenders with exposure to emerging markets in a second round of stress tests, people with knowledge of the plan said.

While the bank has

sentifi.com

Market voices on:

Powered by GET.comGetCom