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Standard Chartered Must Raise Up to $10 Billion, Mizuho Says

Standard Chartered Plc may need to raise as much as $10 billion from investors to comply with stricter regulations, create a buffer for future losses on loans, and invest for growth, according to Mizuho Securities Asia.

Chief Executive Officer Bill Winters may opt to sell $5 billion to $10 billion of new shares to boost the bank’s common equity Tier 1 ratio, a measure of high-quality capital, to 11 percent, and to offset an estimated $824 million of bad-loan charges next year, Mizuho said on Wednesday.