Standard Chartered is yet to finalise the structure of any possible deal. Credit: Chengting Xie on Unsplash.

Standard Chartered is having discussions to assist the leveraged-finance arm of Credit Suisse Group’s investment-banking spinoff, called First Boston, Bloomberg has reported.

As part of the move, the British banking giant will provide Credit Suisse First Boston with lending capability, the unnamed people told the publication.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

However, the Standard Chartered will not make any investment in the Credit Suisse spinoff, added one of the people.

The bank is yet to finalise the structure of any possible deal or terminate the plan altogether.

Last week, Bloomberg News reported that Credit Suisse First Boston would include a leveraged finance arm that could receive $750m of investment from American private equity firm Apollo Global Management.

Earlier this month, the Wall Street Journal also reported that Apollo was mulling to take a stake in the revamped investment banking unit of Credit Suisse.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Spokespersons for both Standard Chartered and Credit Suisse refused to give any updates on the matter.

Last year, Standard Chartered CEO Bill Winters revealed that the bank had the ability to take market share in leveraged finance business as some of its rivals faced losses from hung loans, among other reasons.

On an earnings call, Winters said: “There’s been a lot of pain in the leveraged finance sector.

“We are a meaningful leveraged finance player, but we’ve avoided the losses.

“I guess we’re more subtle about it. And that’s really good. It means, I think, we’re in a good position to take advantage of some opportunities that could come up as that market settles down.”