Has this top firm's time come ?
Over recent decades, Standard Chartered has been regularly cited as a potential takeover target.
The Financial Times reports that, once among the most expensive banks in the west, Standard Chartered’s shares have lost a third from their peak last year, while most banks have seen their shares soar.
'At this kind of valuation it starts to look very attractive to a potential bidder', says Christopher Wheeler, banking analyst at Mediobanca. 'They are definitely at risk, but it is almost certain they would oppose a bid. However, I do wonder if they think their time has come'.
The role of Temasek Holdings, Singapore’s state-owned investment firm that holds 18% of Standard Chartered, would be key to any deal.
Hit the link below to access the complete Financial Times article:
Standard Chartered back atop takeover target list (subscriber content)
Deutsche Bank losses test nerves over litigation risks (subscriber content)
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