Barclays is exploring the possibility of merging with Standard Chartered

The British financial conglomerate Barclays is exploring the possibility of merging with competitors, the media write. According to The Financial Times, citing sources, Barclays is considering a potential merger with Standard Chartered, which mainly operates in the emerging markets. Barclays Board of Directors has drawn up an action plan and is developing a new development strategy for the bank after the owner of the Sherbourne Capital investment fund, Edward Bramson, acquired a 5.4 percent stake in Barclays, becoming one of its largest shareholders. According to sources, Bramson could support an increase in payments to shareholders by reducing the subdivision of cooperative and investment banking, a long time showing weak results.

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