Standard Chartered raises cash for expansion

British banking group Standard Chartered said today it planned to raise £1bn (€1.2bn) through a share placing to fund growth of its Eastern-facing businesses.

Standard Chartered raises cash for expansion

British banking group Standard Chartered said today it planned to raise £1bn (€1.2bn) through a share placing to fund growth of its Eastern-facing businesses.

Standard, which makes 90% of profits from Asia, Africa and the Middle East, said economic trends have improved in its markets during the second quarter.

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