FT Alphaville � Standard Chartered is off to the capital races

Sheesh. How much money does one bank need?Edit HTML
Out on Wednesday – a £3.25bn rights issue from Standard Chartered.
It’s rather a surprise. StanChart undertook a £1bn share issue, also for capital-raising purposes, just 14 months ago — back in August 2009.
And the international emerging markets bank has been über-keen to trumpet its “strong capital position.” Under the current Basel II regulatory framework, StanChart posted a core Tier 1 capital ratio of 9 per cent at the end of June. The bank was one of the few not to receive government funds or central bank liquidity in the recent financial crisis. It is, by all accounts, one of the strongest banks out there.