Home Business NewsBusiness Barclays and Standard Chartered eye merger

Barclays and Standard Chartered eye merger

by
23rd May 18 2:54 pm

According to reportsĀ 

Barclays is eyeing a merger with rival bank Standard Chartered, according to reports.

However, no formal bid has been made yet.

Stanchart said it’s ā€œentirely focused on executing our strategy, and [does] not comment on this type of speculation.ā€

The FT reported that one director each from the two London-headquartered banks met to discuss the possible benefits of merging.Ā The news comes as Barclays is trying to improve its financial performance following pressure from investors over its under-performing investment bank unit. Ā Barclays and Standard Chartered declined to comment.

Leave a Comment

CLOSE AD

Sign up to our daily news alerts

[ms-form id=1]