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Barclays, StanChart may talk about merger

BarclaysBanking analysts are speculating about a possible merger of Barclays with rival international banks. The names include Standard Chartered. The bank is said to have initiated discussions in this regard. The move is a response to pressure from one of its activist shareholder Edward Bramson, whose firm Sherborne has acquired 5.4% holding in the bank recently. The bank’s chairman John McFarlane is also not averse to the idea of a possible merger with Standard Chartered. Reports suggested initial talks have already taken place between some directors of both the banks.

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