StanChart scoops new Panda licence

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StanChart scoops new Panda licence

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A sign of Standard Chartered bank is seen at its headquarter in the City of London, Tuesday, Aug. 7, 2012. | Sang Tan/ASSOCIATED PRESS

Chinese regulators have given Standard Chartered the nod to become a joint lead underwriter on corporate Panda bonds, allowing it to take a senior position on deals that it was previously forced to play a junior role on. StanChart is only the second foreign bank to win the approval.

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