Standard Chartered said now at risk of takeover

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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'.

Possible takeover candidates include ANZ, Santander, Wells Fargo and some of the big Chinese banks, who would doubtless be interested in Standard Chartered's diverse emerging markets activities.

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)

image: © Valerie Everett

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