Top Firm Takeover Rumor


A firm in play ?

The Financial Times reports that Singapore sovereign wealth fund Temasek is said to have been sounding out buyers for its $9.7bn stake in Standard Chartered, 'potentially reigniting talk of a takeover of the emerging markets bank'.

The newspaper says that the likes of JPMorgan Chase and Santander are thought to have expressed an interest in a deal in the past. Industrial and Commercial Bank of China and China Construction Bank could also have in interest.

In the meantime, Barclays new CEO Antony Jenkins has said he will pay employees based in part on whether they are good citizens, as the bank tries to restore its tarnished reputation.

Reuters reports that, within the next six to 12 months, Barclays will devise a 'balance scorecard' with metrics that measure performance across a range of areas, including how the actions of executives affect the environment, Jenkins said in a brief interview on Sunday at the Clinton Global Initiative.

And Bloomberg reports that Nomura is reorganizing its global finance team in Asia outside of Japan, according to an internal memo, as CEO Koji Nagai pursues his overhaul of the country’s biggest brokerage.

Global finance units within the investment banking and fixed-income divisions will reconfigure into two main streams: debt origination including debt capital markets, private placements, leveraged finance and private financing activities; and risk solutions, according to the memo obtained by Bloomberg.

Finally, Reuters also reports that lawyers for Peregrine Financial Group Chief Executive Russell Wasendorf Sr said in a court filing that he is not likely to flee and objected to a U.S. government's motion to keep him in jail even after a magistrate ordered his release pending sentencing.

New Barclays chief ties executive compensation to societal goals

Nomura Reorganizing Global Finance Units in Asia ex-Japan

Peregrine CEO lawyers oppose U.S. move to keep him in jail

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