Do banks owe pre-contractual duties to prospects and clients?

In recent times, there has been a spate of cases over the scope of duties owed by a bank to its client contractually or otherwise. The recent grounds of decision of Deutsche Bank AG v Chang Tse Wen [2012] SGHC 248 dealt with the question of whether such duties may arise before the parties entered into a contractual relationship, and the effect of the bank’s standard terms and conditions on a pre-contractual duty of care in tort.