Lossmaking StanChart in $5.1bn rights issue - FT.com:
"Standard Chartered’s new boss Bill Winters has promised quick action after the troubled bank reported its first quarterly loss since the Asian financial crisis and announced a $5.1bn rights issue.
The emerging markets-focused bank said on Tuesday it would cut 15,000 jobs worldwide, out of a 90,000-strong workforce, as part of an increased push to reduce costs.
The details of a long-awaited strategic review also included plans to tackle $100bn of risk-weighted assets that would either be restructured or reduced in the next three years."
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