Tuesday, November 3, 2015

Das Kapital For Dummies: One in a Series

Standard Chartered Bank 
to Raise $5.1 Billion 
and Cut 15,000 Jobs

LONDON — Standard Chartered, an Asia-focused bank based in London, said on Tuesday that it planned to raise up to $5.1 billion in new capital and cut 15,000 jobs as part of a widespread reshaping of the lender under its new chief executive.