Aug 5, 2009, 4:56 a.m. EST
RBS ups Standard Chartered, sees more balanced mixExplore related topics
Banks Standard Chartered Story Quotes Comments Screener Alert Email Print By Aude Lagorce UK:STAN
1,4401,4201,4001,3801,3601,3409a10a11a12p1p2p3p4pLONDON (MarketWatch) -- Royal Bank of Scotland on Wednesday raised its rating on emerging markets-focused Standard Chartered /quotes/comstock/23s!a:stan (UK:STAN 1,367, +38.00, +2.86%) to buy from hold, citing the impact of the bank's 1 billion-pound ($1.7 billion) equity increases on its Tier-1 ratio. The broker told clients that the added liquidity would alleviate capital concerns and help the bank gain market share with an Asian client base now warming up for recovery. "This should naturally reduce dependency on own account revenue and the consumer bank should hold on its own," RBS analysts wrote.