Capital issue would be a ‘surprise’
Standard Chartered last month said former JPMorgan executive Bill Winters will take over as chief executive in June, and some analysts expect him to launch a multi-billion pound rights issue to strengthen capital.
The bank said this month it had no such plans to raise capital.
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Hide Ad“Clearly if they justified the case for more capital, we would back it,” said Martin Gilbert, chief executive of Aberdeen Asset Management.
“But, I think, the latest statements from the finance director really say they don’t need more capital so it would be a major surprise if they did.”