Deals
Barclays Investors Pour Cold Water on Potential StanChart Deal
- FT reports Barclays considered a possible tie up with rival
- Investors see little logic in a combination of the U.K. banks
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Barclays Plc investors are dubious about the benefits of any potential merger with its British counterpart Standard Chartered Plc, pouring cold water on a newspaper report.
There was also skepticism from inside Barclays about the likelihood of a deal taking place. The possibility of a merger with emerging markets lender Standard Chartered isn’t being pursued and isn’t seen as practical as the bank completes its own strategic overhaul, according to a person familiar with the bank’s thinking. It follows a Financial Times report, which said executives weighed the combination.