Temasek says sees value in U.S. and UK banks

Singapore sovereign fund Temasek, which spent blns of dollars on shares in Merrill Lynch, sees value in banking stocks in the United States and Britain, a senior executive said on Tuesday.
"The financial service industry is one we believe in," said Manish Kejriwal, Temasek's senior managing director for investment, International and India, told journalists. "It's a proxy to the economic growth."
"We recently concentrated on U.S. and UK primarily because we see value.