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StanChart pumps US$2.5b into consolidated local unit

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Standard Chartered Bank will be injecting more than US$2.5 billion in common equity tier 1 (CET1) capital into its locally-incorporated unit as part of a business transfer.

Singapore

STANDARD Chartered Bank will be injecting more than US$2.5 billion in common equity tier 1 (CET1) capital into its locally-incorporated unit as part of a business transfer.

The new capital will result in the total capital position increasing by approximately three times...

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