Summary
JUST coincidence, of course, that Peter Sands picked a good day to bury bad news. The Standard Chartered Bank chief executive, pictured, tossed his own contribution to the global recapitalisation into a distracted market on Monday.
He's stinging shareholders for [pounds]1.8 billion and the same dividend will now be spread over a third more shares. The new money is much more expensive than it would have been earlier this year, and there is no guidance for future payments.See the full content of this document
Extract
Solve the Riddle of the Sands
While this is better than the "scrip dividend" cons from the other big banks, ...
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