Standard Chartered Bank's Acquisition of American Express Bank (A)
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Case Details:
Case Code : BSTR347
Case Length : 18 Pages
Period : 2007
Pub Date : 2009
Teaching Note :Not Available
Organization : Standard Chartered Bank / American Express Bank
Industry : Banking / Financial Services
Countries : UK, USA
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This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.
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Excerpts Contd...
The Benefits
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StanChart expected to complete the merger integration process by September 2009. A major part of the planned integration was expected to be completed within the first 12 months of the transaction. The integration process was expected to lead to some job cuts as StanChart was reportedly of the opinion that some the AEB employees were redundant...
The Road Ahead
With the acquisition of AEB, StanChart consolidated its position in emerging economies
- which was crucial for its growth in the long-term.
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Goldman Sachs in its report on BRIC (Brazil, Russia, India, and China) countries said that the emerging economies would lead the world for the next 20-25 years in terms of growth. StanChart, which was making 90 percent of its profits from Asia, Africa, and the Middle East, had tremendous opportunity to grow its business rapidly...
Exhibits
Exhibit I: Standard Chartered Bank Share Prices on London
Stock Exchange (October 2006 - September 2007)
Exhibit II: American Express Company Share Prices on NYSE (October 2006 -
September 2007)
Exhibit III: Standard Chartered Bank - Consolidated Income Statement (2002-06)
Exhibit IV: Standard Chartered Bank - Consolidated Balance Sheet (2002-06)
Exhibit V: Standard Chartered Bank - Profit and Loss Account (Six Months Period
Ended June 30, 2007)
Exhibit VI: Financial Profile of American Express Bank
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