The news that Temasek, the Singapore investment fund, may dispose of its £6bn stake in Standard Chartered, has reignited talk of the British bank finally losing its independence. I will believe it when I see it.
No doubt Standard Chartered will cease to exist as an independent bank one day, but I have heard speculation about it for 20 years, and it never quite seems to happen. It is like talk of the dollar losing its status as a reserve currency. Read more