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    HomeNewsWorldStanChart announces $5.1 billion capital-raising plan

    StanChart announces $5.1 billion capital-raising plan

    The loss for the July-September quarter compares with a USD 1.5 billion profit in the same period a year ago.

    November 03, 2015 / 11:03 IST

    Standard Chartered Plc announced plans on Tuesday to raise USD 5.1 billion in new capital via a rights issue and posted a third-quarter operating loss of USD 139 million due to growing regulatory costs and rising loan impairments in India.

    The loss for the July-September quarter compares with a USD 1.5 billion profit in the same period a year ago.

    Standard Chartered (StanChart) formally reports earnings every half-year, but since 2013 began giving more details of quarterly progress in its 'interim management statement'.

    first published: Nov 3, 2015 11:03 am

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