In this task, you are given an article. Your task is to summarize the article in a sentence.

Ex Input:
About $3bn being raised in the rights issue will cover the bank's turnaround costs.
The restructuring was announced as the bank reported a "disappointing" third-quarter pre-tax loss of $139m for the three months to September.
That compared with a profit of $1.5bn for the same period last year.
Shares in Standard Chartered fell as much as 10% on Tuesday and were down 7% at 663.5p in late trading. The stock has fallen more than 30% this year.
Revenue fell 18.4% to $3.68bn and losses on bad loans almost doubled to $1.23bn for the quarter.
Analysts at Investec analysts described news the loss as "awful" given the expectation of a $903m profit, adding: "the worst aspect ... is a broad-based collapse in revenues".
There was further bad news as Standard Chartered said it was the subject of two investigations by the Financial Conduct Authority relating to monitoring of sanctions and anti-money laundering compliance.
The job cuts are part of a restructuring programme to take place over the next three years, but gave no details. The bank employs 86,000 people worldwide, but only about 1,800 in the UK.
Bill Winters announced a strategic review of Standard Chartered when he took over as chief executive in June.
He put a new management team in place the following month and eliminated 1,000 senior management roles.
Analysts had been expecting the bank to seek additional capital to shore up its balance sheet and Mr Winters acknowledged the challenging business environment facing the bank.
"This is ... an aggressive and decisive set of actions to fundamentally shore up the underpinnings of the bank," he said on a conference call.
"We've tried to achieve a very high level of capitalisation to buffer ourselves against eventualities and we think we are very well capitalised to deal with any of the challenges that could come our way," Mr Winters added.
The bank was co-operating fully with the two FCA investigations, the chief executive said.
Standard Chartered remains under investigation by US authorities related to transactions involving Iranian clients.
The bank was fined $667m in 2012 by US authorities to settle charges that it violated US sanctions by handling thousands of money transactions involving Iran, Myanmar, Libya and Sudan; and paid another $300m in August last year for failing to detect possible money-laundering.
Michael Hewson, chief market analyst at CMC Markets, told Radio 4's Today programme that banks were being compelled to have bigger buffers to withstand future fiscal shocks - especially in Asia where banks such as Standard Chartered and HSBC were particularly exposed.
His concern was that Standard Chartered was "way behind the curve" on cutting costs.
At the bottom of page 8 of the voluminous slide pack presentation offered to investors this morning by Standard Chartered is this telling sentence: "The Bank of England will publish the results of its 2015 stress tests on 1 December, including the results for the group, the outcome of which is unknown to the company and not yet finalised."
The Bank's work is focused on what could happen in the event of a significant collapse in the Chinese economy and a subsequent global downturn.
Its effect will be most acute on the UK's two banks most focused on the Asian market: HSBC and Standard Chartered.
Bill Winters, the Standard Chartered chief executive, appears keen to get his capital raising punch in first. He has also made it clear he wants Standard Chartered to compete on international renminbi trading, which the bank believes will become a reserve currency up against the US dollar.
Mr Winters has moved before the Bank of England sticks its weighty oar in.
Growing regulatory costs and controls in the wake of the financial crisis have weighed on big lenders in the UK, US and Australia.
Standard Chartered has already shed some businesses, in Hong Kong, China and Korea, to help improve its capital position.
Among the plans announced on Tuesday, Standard Chartered said it would invest more than $1bn to reposition its retail banking, private banking and wealth management businesses, as well as upgrade its Africa franchise and yuan services.
The rights issue had the backing of Temasek, Singapore's state investment firm and Standard Chartered's largest shareholder.
Hugh Young, managing director at Aberdeen Asset Management, the bank's second-biggest shareholder, said: "[There is] still a lot of hard work to put in but the path is clear."
The rights issue, Standard Chartered's first since 2010, will be launched on Tuesday at a price of 465p a share - a 35% discount to its closing price on Monday. Two new shares will be issued for every seven existing shares.
The bank has also axed the final dividend for this year to conserve cash.

Ex Output:
Shares in Standard Chartered fell sharply after the Asia-focused UK bank said it would raise $5.1bn (£3.3bn) and cut 15,000 jobs by 2018.


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The "Super Six", unveiled by Scottish Rugby on Saturday, replaces the current all-amateur BT Premiership from 2019.
Former Scotland centre Tait, 53, has taken up a scouting role as part of broad national restructuring aimed at enhancing player development.
"We need to think of ideas to keep us in the race," Tait said of the changes.
"This is just another way of getting more young Scottish talents playing at a higher standard and getting them through the ranks."
With World Rugby extending its residency qualification period from three to five years, Tait says Scotland can no longer rely on overseas imports with no Scottish heritage - such as South African-born WP Nel, Josh Strauss and Cornell du Preez - to prop up its Test pool.
"We've had some great players in the last few years come over from South Africa and New Zealand, get residency and play for us," he said. "If it hadn't been for WP Nel at tight-head, we'd have probably struggled a lot more.
"That avenue may close now - it's the Scottish-qualified players we're after now.
"The more we can get playing at a high level, the more there are to select from. That's how England are getting better and better - the numbers and talent they generate through their academies and Premiership teams is pretty frightening.
"The standard in the four Scottish academies has rocketed in the past two years. We've got an identity flowing through these kids now, how Scotland want to play and how the game should be played.
"We've got to give them opportunities and also the good young coaches out there. We need to get them into systems and test them at another level."
Scottish Rugby hopes the Super Six will help bridge the gap between the upper echelons of the amateur game and Scotland's two professional sides, Edinburgh and Glasgow Warriors.
Tait, who won 27 caps and switched codes to represent Widnes and Leeds in rugby league, accepts there may be dissenting voices across the club game but urges any detractors to "look at the bigger picture".
"I know lots of people out there will say it's going to be the ruination of the club game, but I think we've got to back this," the 1997 British and Irish Lion told BBC Scotland. "You've got to think of what the players want.
"I'm pretty sure the top players in the Borders would love to play at the same club and know they're only one little step away from being recognised in professional rugby.
"It's about getting a tier just below so they can make that step much, much easier.
"If there's a team in the Borders, they're obviously going to take players from Hawick, Gala, Kelso, Jed-Forest, Selkirk, so the best players will end up at that club.
"I think that's what a lot of people will be unhappy about and say it's ruining our game below that, but we've got to look at the bigger picture.
"I remember having this argument years ago when professional rugby first came into Scotland and I'd just come back from playing rugby league.
"The amount of people who said professionalism was the ruination of club rugby and we should leave it to the clubs. Looking back at that now, we could never have done that and stayed in the race."
In his new position, Kelso native Tait will scour the north of England for Scottish-eligible talent, with former Scotland captain Rory Lawson taking up a similar role around the greater London area.
Many of the players he aims to recruit are already enrolled in the academies of English Premiership clubs, such is the extent of their respective scouting networks.
"England Under-18 had five players this year that could qualify for Scotland," Tait said. "There are youngsters out there we're maybe missing a little bit and, because they didn't get selected for England, they maybe think that's it, but if they have got Scottish heritage, we want them to come along.
"I've been told to find players that are good enough to play for Scotland, not just represent the age grades.
"I'm looking at aged 18 and upwards, the ones we think will be really good professionals. My job is to look for the ones at the top of the tree."

Ex Output:
Alan Tait believes the creation of a domestic semi-professional league is key for Scotland to keep pace with bigger rugby nations.


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East Lindsey District Council plans to spend about Â£350,000 on its events programme, which includes the So Festival.
The authority said it delivered direct economic benefit of over Â£1m to the area.
But Andrew Leonard, councillor in nearby Louth, said the event did not attract any new visitors.
Mr Leonard said: "You've got to be realistic about this - if you look at an event like Glastonbury, it's pulling thousands of people into the area.
"This isn't Glastonbury - this is Skegness.
"The people who are going to the SO Festival are already in Skegness having a holiday - they are not coming from further afield."
He added: "If they want to stage it, make it self-sufficient and don't ask the ratepayers to cough up money to pay for it."
Mr Leonard also accused the council of overlooking places likes Louth and wasting money funding "nonentity" events as part of the festival.
He said: "You've got things like Wolds Words Festival - two or three people sat at these meetings - that doesn't justify big expenditure and it's an absolute waste of money."
East Lindsey District Council said the SO Festival was a district-wide event which provided a boost for the local economy and raised the area's profile as a visitor destination.
The authority said the money also supported a number of other events, including Wolds Words and Mablethorpe Illuminations.
The funding is part of the council's proposed budget, which has been approved for consultation by the executive board, and will be considered by council later this month.
ELDC needs to find Â£1.6m to balance its books in 2013-14.
This year's SO Festival is due to be held from 28 June to 7 July.

Ex Output:

An arts festival in the Lincolnshire resort of Skegness has been labelled "a total waste of ratepayers' money".


