Tags: NULL KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times whatsapp Show Comments ▼ Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp Tuesday 12 October 2010 9:19 pm Rights issue on the cards for StanChart ALL EYES will be on Standard Chartered today following suggestions that the Asia-focused bank is ready to launch a rights issue to raise up to £7bn so it complies with new capital rules. Standard Chartered had a core tier one capital ratio of nine per cent at the end of June, which is within the new Basel III capital requirements of between seven and nine per cent. However, a tough application of the new rules, which will be fully in force by 2019, could see the bank’s capital judged differently and its cash buffer deemed below the threshold. Standard Chartered would become the second European bank to raise cash following the Basel III agreement last month. Deutsche Bank announced a €10bn (£8.8bn) rights issue in September to bolster its core capital holding and fund its acquisition of Deutsche Postbank.It was unclear last night whether Standard Chartered would similarly use a slice of the funds it raises to extend its reach, though speculation has been rife in recent weeks that the bank itself is vulnerable to takeover attempts.The bank earns four-fifths of its profit in Asia, making it a potential platform for expansion into the continent for acquisitive rivals. London shares in StanChart gained 38.5p to close at £19.09 in heavy trading yesterday following talk of JP Morgan’s interest in buying a stake. Analysts suggested that Standard Chartered could deploy a “fat man strategy” by bulking up its own assets to make itself unattractive to a bidder.The Financial Times reports today that the bank’s planned rights issue could raise between £5bn and £7bn. Standard Chartered already has a market capitalisation of £39bn, and profit in the six months to July of nearly £2bn. A spokesperson for Standard Chartered declined to comment last night.
whatsapp Pay at FTSE firms grows PAY PACKETS in the private sector are growing at a faster rate than those in the public sector for the first time since March 2009, said research out today. Workers in for-profit companies saw their take-home pay increase at an annual rate of 1.4 per cent in September. Pay rises are still lagging far behind inflation, which is pushing up the cost of consumer goods by 3.1 per cent a year. However, public sector workers fared even worse, with the average pay packet growing by an annual rate of 1.3 per cent last month, according to figures from 600 public bodies compiled by payment specialist VocaLink. Pay growth has improved slightly over the year, with pay hikes at FTSE 350 companies growing by an average of 0.9 per cent over the year to September, and public sector rises adding 1.6 per cent. Private companies have managed to bounce back more quickly from the slump in May and June this year, adding 0.9 percentage points to the average wage growth compared to 0.2 percentage points within public bodies. Douglas McWilliams, chief executive of the Centre for Economics and Business Reform said: “The sluggishness of annual earnings and pay growth is largely the result of slackness in the labour market. The latest data released by the Office for National Statistics has revealed that the claimant count measure of unemployment increased in August for the first time since January.”Marion King, chief executive officer at VocaLink, added: “With the emergency Budget of 22 June announcing a two-year public sector wage freeze for those earning above £21,000, private sector wage growth is likely to continue outstripping public sector wage growth from 2011 onwards.” whatsapp Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo Wednesday 6 October 2010 7:39 pm KCS-content Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap Show Comments ▼ Tags: NULL