HONG KONG (AFP) – Asia-focused British bank Standard Chartered said Tuesday it would axe 15,000 jobs and raise $5.1 billion in capital after posting a “disappointing” third-quarter loss as it struggles to return to growth.
More details in Wednesday’s Borneo Bulletin.
The post Standard Chartered axes 15,000 jobs, announces $5.1B capital raise appeared first on Borneo Bulletin Online.