The coming bank consolidation

Top-rated Merrill Lynch bank analyst Keith Irving talks about the dramatic changes in Asian FIG scene.

FinanceAsia Will the consolidation in Hong Kong be between the Hong Kong banks themselves or will it be from SingaporeanAustralian banks

Keith Irving The first thing to say is that we are not bulls on the mega-consolidation wave in Hong Kong. We've had that opinion for some time. In the first instance, the franchises that remain available to potential foreign buyers are probably less attractive than the ones that have already gone. Basically the remaining large players, Hang Seng and Bank of East Asia seem unlikely to be available to a foreign majority owner. And with the smaller banks, you still have significant levels of entrenched family ownership. The fact that we...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222