Standard Chartered could be takeover target for ANZ, ICBC, CCB, MUFJ and SMFG
Standard Chartered could be a takeover target for a number of Asian lenders, the online Oriental Daily reported. The Chinese-language news item, citing a Credit Suisse research report, said about five Asian lenders could be potential buyers for Standard Chartered. They are Australia-based ANZ, China-based ICBC and CCB, as well as Japan-based MUFJ and SMFG.
Peter Sands, Standard Chartered's chief executive, dismissed takeover chatter about the listed UK-based bank as “speculative rubbish”, according to a previous report.
Oriental Daily