Thursday, July 26, 2007

Deal or no Deal - Banks ABC

Yesterday I watched the Singapore TV version of "Deal or no Deal" for the first time. Since I played a simple online game before, the whole process didn't seem to be very exciting, probably also because I was just a spectator:-)

The more exciting "Deal or no Deal" being talked about these days is obviously the take-over bidding of Dutch bank ABN-AMRO. Now there's an interesting twist with two Asian powers backing up the London based Barclays bank, one of which is China Development Bank.

Following is the full-report: http://www.economist.com/displaystory.cfm?story_id=9549590&fsrc=nwl. Along this chain of interests, Bank B is trying to catch A but not enough capitcal, C & some others are behind B, in the hope of gaining some share of interest once B bought A. Sounds like the Chinese parable "螳螂捕蝉、黄雀在后" (tang2 lang2 bu3 chan2, huang2 que2 zai4 hou4) The mantis stalks the cicada, the oriole is behind. Luckily, there's a more appropriate business term called "Win-Win". We shall find out the result soon, after the "commercial breaks"!

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