Davos 2014: StanChart takeover 'rubbish'

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Davos 2014: StanChart takeover 'rubbish'

by Reuters Videos 1:19 mins

Davos 2014: StanChart takeover 'rubbish'

by Reuters Videos 1:19 mins

Standard Chartered's chief executive said takeover talk surrounding his bank after recent problems is "rubbish" and the Asia-focused lender's prospects remain strong. Peter Sands told Reuters Insider television at the World Economic Forum, "The bank is in very good shape, we have great opportunities in our markets, we have a very clear strategy and we have a great team." He also described concerns about a slowdown in China as "overblown".

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