CLSA: ‘White knight could target Standard Chartered bank’

UK bank Standard Chartered could be acquired by a white knight, because its recovery could prove to be “challenging”, according to broker CLSA, which upgraded shares of the Asia-focused lender on that possibility.

Singapore’s biggest lender, DBS Group, would be the most likely buyer, said CLSA.

StanChart has seen its shares fall, making it an appealing target.