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Barclays, Join the List of Jilted StanChart Suitors

Nisha Gopalan, Andy Mukherjee
Barclays, Join the List of Jilted StanChart Suitors

The latest potential suitor is Barclays Plc, which is reported by the Financial Times to be exploring a merger (read takeover) of StanChart. London-listed Barclays isn’t considering a possible deal, Reuters reported, citing two people close to the lender. The deal can be made to look sensible, even sexy, in a PowerPoint presentation: Barclays is big in U.S. investment banking, thanks to its acquisition of most of Lehman Brothers Holdings Inc.’s American business in the wake of the financial crisis.

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