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Asharq Al-Awsat

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Asharq Al-Awsat

FORGOTTEN HISTORY: First abu dhabi bank no longer considering possible offer for stanchart | History Defined

StanChart FAB Abu Dhabi Standard Chartered Emerging Markets London United Arab Emirates

First Abu Dhabi Bank (FAB). Reuters file photo

First Abu Dhabi Bank (FAB), the United Arab Emirates' biggest lender, said on Thursday it was considering a bid for London-listed Standard Chartered but was no longer doing so.

Bloomberg had earlier reported that FAB had been exploring an offer for Standard Chartered as part of a plan aimed at building an emerging markets bank, driving Stanchart shares up as much as 20%.

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