http://swissyen.blogspot.com/2008/10/lehman-minibond-impact-on-banks.html
Among the banks, DBS price came down more than the other 2 banks. There can be 2 reasons for this sharper fall compared to the other 2 banks.
DBS High Notes, Lehman Mini Bond.
1. Recent statement by the government is having a bad impact.
2. DBS HK office may suffer from having to buy back Lehman Mini Bond from investors.
There is a JP Morgan research report on this matter, which is sent to you email. Do take a look at it.
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