Winters wields knife at StanChart

ReutersNewsPublished: November 3, 201518 views
Published: November 3, 2015

Standard Chartered has announced plans to raise $5.1 billion in new capital through a rights issue and cut 15,000 jobs by 2018. As David Pollard reports the new Chief Executive Bill Winters is trying to restore profitability at the lender that has been hit hard by a slowdown in emerging markets.

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