I doubt Manulife will pick up any AIG asian assets. Chinese insurance companies will outbid them. They have tons more cash burning holes in their pockets.
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Right, well I think the Canadian banks just want to be absolutely sure they are shooting at a deer and not something that looks like a deer in the heat of the moment. They will shoot, eventually. True waiting may cost if others more recjless swoop in earlier, but they are willing to pay that price in order not to make huge mistakes.
Manulife: Admirable Goals, Harsher Realities [View article]
Chinese insurance companies will outbid them.
They have tons more cash burning holes in their pockets.
Wacky Times Present Unique Opportunities for Canadian Banks [View article]
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