Thursday, January 5, 2023

First Abu Dhabi explored offer for Standard Chartered

The Middle East's largest bank was previously in the "very early stages of evaluating a possible offer for Standard Chartered" but is no longer doing so, it said in a regulatory filing Thursday. Bloomberg News reported earlier that FAB had been assessing Standard Chartered for more than six months as it considered a potential bid for the London-based lender.

from Economic Times https://ift.tt/wGUu2rD

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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...