First Abu Dhabi Bank PJSC explored offer for Standard Chartered

A deal would create a bank with over $1 trn of assets; FAB has been assessing a deal for over 6 months

First Abu Dhabi Bank PJSC said it was reviewing a potential bid for Standard Chartered Plc, which would have been a complex deal aimed at building an emerging markets lender with more than $1 trillion in assets.
 
The Middle East’s largest bank was previously in the “very early stages of evaluating a potential bid for Standard Chartered,” but is no longer doing so, according to a regulatory filing filed on Thursday. Bloomberg News reported earlier Thursday that FAB has been rating Standard Chartered for more than six months as it considers a potential bid for the London-based lender.