Investment Banking

Analysts reject rationale for Barclays-Standard Chartered merger

'One underperforming business plus another underperforming business give you a larger underperforming business'

Analysts reject rationale for Barclays-Standard Chartered merger
Photo: iStockPhoto

Analysts have dismissed the idea that Barclays could merge with rival Standard Chartered, following reports on Wednesday that a tie-up is being considered by the board.

According to an article in the Financial Times, Barclays management has explored the option as part of broad contingency planning in the wake of activist investor Edward Bramson taking a 5.2% stake in the bank.

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