SWF Blesses, Standard Chartered Seeks Massive Raise
Posted on 11/03/2015
Troubled bank Standard Chartered PLC is seeking a £3.3 billion (US$ 5.1 billion) capital raise. The bank’s strategic plan was blessed by its largest shareholder sovereign wealth fund Temasek Holdings. Temasek holds a 15.8% stake in the bank. Temasek will be taking up its rights in respect of 15.8%. The wealth fund is also participating […]