StanChart in $2.7 billion cash call to boost capital


The dilution from the rights issue was added to by declines in the won currency in Korea — where Standard Chartered has exposure — and news of more structured credit losses, analysts said.

Standard Chartered's core tier 1 capital ratio — a key measure of financial strength — was 6.1 percent at the end of June, when it would have been 7.4 percent had the fundraising been included. Using the same comparison, Its tier 1 ratio would have been 9.8 percent instead of 8.5 percent.

The cash injection by the bank, which has dodged the massive losses from the credit crisis suffered by some of its competitors, came as analysts called for it to beef up its capital cushion to withstand potential losses in Asia and the Middle East. 

via StanChart in $2.7 billion cash call to boost capital
| Deals
| Reuters

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About zyakaira

Investment Banker, 40s, Bangalore This Biopic and this web recreates how one point of view, one person can impact a tremendous economic engine that the world thrives and mis-thrives on. This one has the knowledge and the civil sense , the art of conversation and some good writing to mentor others as powerful and help global managers develop and fine tune their approach on US markets, China, India and the world. Read on here, and let me know what you need. It can be a race for TRPs, a race for new markets and a race to do what is right. I have the pulse of the crisis, the recovery and the market direction and can help you build and refine your strategy as i have helped thousands of managers and multiple global corporations. Of course, it’s more fun if you talk to me. I am in favor of leading this moving of the economic crisis and will partner with you in a soft and subtle way, just the way we both ride to the top. But you can write with us, opine and just reply with aplomb and shine on Twitter , 4 square , Facebook and any other social “choupal” of choice via zyaadakairaada Profile & Portfolio - SocialPicks Different flavours at: http://benchilibowl.wordpress.com http://zyaada.mp

Posted on November 24, 2008, in Bank Stocks, Global, Meltdown. Bookmark the permalink. Leave a comment.

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