Credit Suisse analysts run the ruler over potential Standard Chartered suitors, show best fit with ANZ

Credit Suisse analysts run the ruler over potential Standard Chartered suitors, show best fit with ANZ

By Gareth Vaughan

Analyst talk of a potential ANZ tilt at Standard Chartered just won't go away. The latest report on the topic, from Credit Suisse, shows ANZ ticking the most boxes of potential suitors for the British bank that makes about two-thirds of its revenue in Asia.

The Credit Suisse team has put together a heat map for potential Standard Chartered acquirers, which has ANZ ticking five of the six boxes. In second equal place are Japan's Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group with four of six boxes ticked.

"We have been negative on Standard Chartered for some time now, and in the last 12 months the group has been one of the worst performing banks globally," the Credit Suisse analysts say.

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