Standard Chartered in share issue

Thursday, October 14, 2010

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Standard Chartered has announced plans to bolster its balance sheet, issuing 3.3bn of shares in the banking group.

The move follows global rules agreed last month on how much capital banks should hold in reserve.

The new regulations, called Basel III, were designed to prevent another financial crisis.

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The Projects Magazine today launched The Future of Mining Summit, set to become the country’s premier mining conference. The event is scheduled for 12th and 13th of June 2024, at Boipuso Hall, Fairgrounds in Gaborone.

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