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ound the lending outlook given fairly healthy tourism activity. Management noted that while a de-emphasis on the Pacific Alliance, a priority for the Obama administration, was not a positive development, it remained fairly confident that strong military spending should continue to serve as a tailwind to
Page: HOUSE_OVERSIGHT_014326 →hat SEC Chairwoman White will leave at the end of President Obama’s term, this will likely lead to some regulatory
Page: HOUSE_OVERSIGHT_014363 →issued and distrib India}; and is issued and distributed in Singapore to institutional investors and/or accredited investors (each as d Bank Limited (Merchant Bank} (MLIBLMB) and Merrill Lynch (Singapore) (Company Registration regulated by MAS. Bank of America N.A, Australian Branch (ARBN 064 874 531), AFS Licen
Page: HOUSE_OVERSIGHT_014394 →Trump and his aides have made it clear that they consider the Trans Pacific Partnership (TPP) to be a “bad deal.” Media have reported that President Obama is not considering pushing the deal through a lame duck Congress. This means the deal is likely dead in its current form. While negative for Japan,
Page: HOUSE_OVERSIGHT_014419 →TPP) to be a “bad deal.” Media have reported that President Obama is not considering pushing the deal through a lam
Page: HOUSE_OVERSIGHT_014419 →by the FA a Lynch (Japan), a registered secu by HKSFC (research repor' ralia): Lynch Saud LI(UK}a India}; and is issued and distri Bank Limited (Merchant Bank) regulated by MAS. Bank o License 235132 (MLEA) distrib any of its affiliates involved in Authority. No approval is requi DIFC) is authorized and reg
Page: HOUSE_OVERSIGHT_014422 →e current and future US administration foreign policy inclinations, in our view. Separately, we note that the White House spokesman said US President Obama did not support the legislation and likely would not sign it. (A potential presidential veto may however still be overruled if Congress assembles the
Page: HOUSE_OVERSIGHT_016118 →y, we note that the White House spokesman said US President Obama did not support the legislation and likely would
Page: HOUSE_OVERSIGHT_016118 →utional investors and/or accredited investors (each as defined under the Financial Advisers Regulations) by Merrill Lynch International Bank Limited (Merchant Bank) (MLIBLMB) and Merrill Lynch (Singapore) (Company Registration Nos F 06872E and 198602883D respectively). MLIBLMB and Merrill Lynch (Singapore) are r
Page: HOUSE_OVERSIGHT_016194 →8 occurring in the last two election cycles alone (see Chart 14). Hence, investors who believe this /s not your typical election (to quote President Obama at the latest Democratic National Convention) may still find that option markets are currently pricing too little of a move. However, as we have rec
Page: HOUSE_OVERSIGHT_025985 →lieve this /s not your typical election (to quote President Obama at the latest Democratic National Convention) may
Page: HOUSE_OVERSIGHT_025985 →utional investors and/or accredited investors (each as defined under the Financial Advisers Regulations} by Merrill Lynch International Bank Limited (Merchant Bank) (MLIBLMB) and Merrill Lynch (Singapore) (Company Registration Nos F 06872E and 198602883D respectively). MLIBLMB and Merrill Lynch (Singapore) are r
Page: HOUSE_OVERSIGHT_026002 →Entities connected to both Merchant Bank and Barack Obama

Jeffrey Epstein
PERSON
George W. Bush
PERSON
Donald Trump
PERSON
United States
LOCATION
Marc Rich
PERSON
Bloomberg L.P.
ORGANIZATION
Paul Ryan
PERSON
Middle East
LOCATIONDoug Band
PERSON
Puerto Rico
LOCATION
United Kingdom
LOCATION
Tunisia
LOCATION
U.S. Treasury
ORGANIZATION
Angela Merkel
PERSON
Bahrain
LOCATION
Xi Jinping
PERSON
Philippines
LOCATION
Hong Kong
LOCATION
Columbia University
LOCATION
Michael Bloomberg
PERSON