A Depends on how you count it. The answer is certainly yes at this point in time. Whether that is the case at the end of the year is a separate matter. But certainly in respect of advisory and debt financing, Singapore banks have been a big revenue generator for the investment banking community this year.
Q Do you think it is plausible that the Singapore government used DBSs bid for OUB as a way of pushing UOB into doing something
A The DBS people have made it pretty clear in the market that their activity is driven by commercial considerations....
