Has ANZ's Mike Smith signalled the future acquisition of Standard Chartered Bank

On ABC's Lateline, 25 October 2007, there was this exchange between Mike Smith, CEO ANZ and the presenter, Ali Moore:

ALI MOORE: So what, the ANZ buying a whole bank, where?

MIKE SMITH: Somewhere.

ALI MOORE: Well, you can't in China?

MIKE SMITH: No, but you can buy a regional bank that has operations in China. There are various operations and obviously I'm not going to tell you what they are, but I suspect you can work them out.

Standard Chartered appears to be the only bank that fits Smith's criteria and which would be a realistic target.

By process of elimination; banks incorporated in this region with operations in China are not likely targets for most countries in this region, like China, prohibit takeover of their banks.

That leaves two possible targets, HSBC and Standard Chartered.
HSBC is clearly too large a target, hence leaving just Standard Chartered.
END

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