Report - Standard Chartered could sell-off bank stakes

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Standard Chartered's abrupt move to shut its global equities business earlier this month could be a prelude to the bank selling off stakes in a number of Asian banks as it looks to boost capital, people familiar with the lender's thinking said.

Reuters reports that the most likely potential sale is Standard Chartered's $621m holding in Agricultural Bank of China, a person with direct knowledge of the situation said.

The bank's 45% stake in Indonesia's PT Bank Permata, valued at around $638m, could also be sold, though that deal would probably come after an AgBank stake sale, people close to the bank said.

To access the complete Reuters article hit the link below:

StanChart eyes bank stake sales as it tries to slim down

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