HONG KONG—DBS Group Holdings Ltd., Southeast Asia’s largest bank by assets, isn’t interested in acquiring parts or all of U.K.-based lender Standard Chartered PLC, DBS Chief Executive Officer Piyush Gupta said in an interview Wednesday. Singapore state investment firm Temasek Holdings Pte. Ltd. owns about a 16% stake in Standard Chartered and about a 30% stake in DBS. Standard Chartered’s business has focused on Asia and Africa and...
DBS Group Holding's CEO Mr Gupta has said it has no interest in acquiring parts or all of Standard Chartered after rumours of a merger. “ Standard Chartered is four times our size. For a bank like us to try and tackle even pieces of Standard Chartered would just completely consume us. That’s all we would do for Wednesday ," said Piyush Gupta . Standard Chartered has declined to comment.