Reuters reports that Standard Chartered's chief executive said takeover talk that has resurfaced around his bank after recent problems is 'rubbish' and the Asia-focused lender's prospects remain strong.
'It's speculative rubbish', Peter Sands told Reuters Insider television at the World Economic Forum. 'The bank is in very good shape, we have great opportunities in our markets, we have a very clear strategy and we have a great team'.
Takeover speculation has swirled around the bank for more than 30 years and its latest wobbles - and a fall in its share price to a 17-month low - stirred talk that rivals such as J.P. Morgan, Australia and New Zealand Bank, Santander and Barclays could be circling.
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image: © Garry Knight