Barclays has reportedly 'kicked around' the idea of merging with Standard Chartered
Get the Full StoryREUTERS Brendan McDermidFT: Barclays board has considered the possibility of a merger with Standard Chartered.
The possible deal is one plan being considered to ward off activist investor Edward Bramson, who has built a 5.4 stake in Barclays.
Neither side has issued statements to shareholders, suggesting no serious talks have taken place.
LONDON — Barclays has considered the possibility of merging with Standard Chartered Bank, according to a report in the Financial Times.
The FT report on Wednesday sites sources close to the talks, saying senior board members at Barclays are considering a StanChart tie-up as part of a wide range of possible contingency plans to ward off an activist investor who has built a stake in the bank.See the rest of the story at Business InsiderNOW WATCH: I ate nothing but 'healthy' fast food for a week here s what happenedSee Also:JCPenney's CEO just signaled the end of retail as we know itAmazon is punishing customers who return too many items and it's a trend sweeping across the retail industryPrince Harry, Meghan Markle, Prince William, Kate, and 11 other royals all live in the same palace here's a breakdown of their lavish quartersSEE ALSO: An activist investment fund just became one of Barclays' biggest shareholders and it could signal big changes
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