UK banking company to slash 15,000 jobs

Standard Chartered, an Asia-focused bank in the United Kingdom, plans to cut 15,000 jobs by 2018.

The company also plans to raise $5.1 billion, including $3 billion for reorganization costs.

Additionally, Standard Chartered disclosed it is the subject of two investigations by the UK Financial Conduct Authority relating to monitoring of sanctions and antimoney laundering compliance.

Read more from BBC News.