Standard Chartered 'absolutely not' for sale, bank CEO says
Publishing timestamp: 2023-02-16 03:37:34
Summary
Standard Chartered CEO Bill Winters said the bank was "absolutely not" for sale following speculation of a takeover bid. First Abu Dhabi Bank had previously considered making a bid for Standard Chartered, but said it was not evaluating an offer anymore. Winters said that if someone wanted to come and add value, he would encourage engagement, but the bank was focused on growing independently. Standard Chartered announced a $1 billion share buyback program and upgraded its forecasts.
Sentiment: NEUTRAL
Keywords: business news, world economy, standard chartered plc, world markets, london, geoff cutmore,
Source: https://www.cnbc.com/2023/02/16/standard-chartered-absolutely-not-for-sale-bank-ceo-says.html