agree but pledging no retrenchments like dbs, ocbc and uob means they cant use this period to restructure and emerge stronger and more competitive. end of the day, it's the duds in these 3 banks who will profit from this crisis and make no mistake, there are more of them in the local banks than in any other bank. this crisis aint going to affect them since they cant get retrenched and whatever bonus these banks can cut from them is already small to start with.