Business and finance 26 September 2012 Standard Chartered: will it stay independent? Shares plummet after reports of 18 per cent sale. Sign UpGet the New Statesman's Morning Call email. Sign-up There's a rumour circling that Standard Chartered will relinquish its status as an independent bank, after reports that 18 per cent of it is up for sale. The Financial Times reported today that the Singapore investor Temasek could be selling its StanChart shareholding: a £6bn slice. There are no decisions yet, but the report send StanChart shares 2 per cent lower. According to financial website thisismoney.com, the report has also brought up talk of a StanChart takeover: The news has reignited takeover speculation, as it emerged that Santander and US investment bank JP Morgan have expressed interest in the stake. The FT's John Gapper was sceptical about any major transformation just yet however: No doubt Standard Chartered will cease to exist as an independent bank one day, but I have heard speculation about it for 20 years, and it never quite seems to happen. It is like talk of the dollar losing its status as a reserve currency. The recent dust-up with the New York State banking regulator over dealings with Iran, leading to it paying a $340m fine, was not enough to make it truly vulnerable. Maybe something will occur this time, but – famous last words – I am a sceptic. › The secret search for the next Archbishop of Canterbury Standard Chartered. Photograph: Getty Images Subscribe For daily analysis & more political coverage from Westminster and beyond subscribe for just £1 per month!