Is StanChart’s $5.1bn cash call enough | Lex

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Lex on what the Standard Chartered rights issue is for
It’s kitchen sink time for StanChart. Along with its first
quarterly loss since the financial crisis, the UK-listed Asian bank announced a $5.1bn rights issue. Lex’s Alan Livsey and Richard Stovin-Bradford discuss the
cash call and ask if it’s enough.

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