It was perhaps somewhere under the flashing lights and fireworks of the Singapore F1 Grand Prix last weekend that a hushed conversation about the fate of emerging-markets bank Standard Chartered took place. But maybe the conversation wasn’t quite hushed enough. It’s emerged that Singapore’s state-owned investment fund Temasek has started talking to buyers about selling its £6 billion, 18% stake in the FTSE 100 bank.
It could herald more than just a stake-sale. Cormac Leech, banking analyst at Liberum Capital, reckons Standard Chartered, whose logoed-skyscraper looms large over Singapore city centre, might have a takeover on its own horizon………………………………………..Full Article: Source