Don't assume Singapore bank consolidation is over

That''s one of the messages from CSFB''s M&A boss, Gordon Paterson.

What will be the defining M&A trend this year

Everyone has been very negative about what happened last year versus the year before You hear the business was down 40% I don't think we have that in Asia I think we have a developing business Yes, you can run the numbers and say the business dropped that much, but if you take out two transactions - PCCW and China Mobile - which were unusual transactions, we really didn' t fall that much Why is that: because we have a lot of developing trends going on We have continuing domestic consolidation, and once countries have forged one or two strong companies in a sector, those companies...

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