Don't buy a bank in Hong Kong

Salomon Smith Barney''s M&A head, Steve Schiller has some thoughtful things to say about where M&A is going.

We've had a couple of big China MA deals recently. Do you see that as one of the defining trends this year

Chinese MA is not going to see a geometric growth. It will be a linear growth over a period of time. We are going to see occasional very large asset injections - for example, the China Mobile trades - but in terms of real, arms length MA, that's going to be slow and steady. We...

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