Slaughters, Sullivan & Cromwell and Linklaters advise on Standard Chartered's £3.3bn rights issue

Magic circle duo advise on Standard Chartered's £3.3bn rights issue with Sullivan providing US counsel

Slaughter and May and Linklaters have won key roles on Standard Chartered’s $5.1bn (£3.3bn) rights issue.

The money raised will cover reorganisation costs as the bank announced yesterday that it intends to cut 15,000 jobs by 2018 as it seeks to strengthen its balance sheet by removing $100bn (£65bn) of assets.

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