Cde Monomotapa wrote:Now that HSBC has been allowed to setup a rep.office but barred from deposit taking...I see them having a need to partner with a local bank and guess who has the size, strength & distribution(EAC)...KCB!!!
The rep office looks for larger deals... There are many banks [or syndicates] that HSBC can deal with including Equity, StanChart, CBA, DTB, NIC,I&M, etc not just KCB...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett