Standard Chartered PLC's (STAN.LN) chief executive for Asia, Jaspal Bindra, said Monday the lender isn't in talks to buy assets in Thailand, following a report the bank is planning to bid for a stake in Thailand's Siam City Bank PCL (SCIB.TH).

Thai newspaper Kao Hoon reported Monday that Standard Chartered, HSBC Holdings PLC (HBC) and Australia & New Zealand Banking Group (ANZ.AU) are among the banks expected to make bids Tuesday for a stake in the Thai bank.

-By Chester Yung, Dow Jones Newswires; 852-2802-7002; chester.yung@dowjones.com
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