Deals Rumor Mill: Standard Chartered, Yahoo, Tesco
By Benjamin Horney ( April 11, 2016, 6:10 PM EDT) -- Standard Chartered PLC is hoping to sell at least $4.4 billion worth of Asian assets, Bloomberg reported late Sunday, in an effort to trim its balance sheet. According to the report, the U.K. lender is already in talks to sell a $1.4 billion portfolio of stressed loans made to Indian firms including GMR Infrastructure Ltd., and is hoping to divest other loans and equity investments in China, Indonesia and Malaysia. The report comes about six months after rumors sprouted saying Standard Chartered was looking into ways to raise at least $4 billion as a response to heightened scrutiny from U.K. regulators concerning whether lenders have enough reserves to "cope with any financial shock" without negatively impacting their day-to-day. ...
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