Project Neptune rising…

Project Neptune rising…

… amid renewed liquidity concerns

Latin America

Latin America

Sovereigns shape up for differentiation

May 2013

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FX survey 2013: Deutsche clings on despite Citi’s resurgence

by Peter Lee

For all the fragmentation in the FX market, the top four banks further consolidated their dominance of customer business, according to the 2013 Euromoney foreign exchange survey. As volumes rise again in FX, volatility returns and banks’ earnings from it recover, margins are still compressing. Customers are focused on cutting transaction costs. Banks face big demands on scarce IT resources.




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