Technology in treasury management: International cash management review 2010

For most of the banks taking part in this year’s cash management review, 2009 was a year of consolidation and rationalization to ensure survival and set the framework for future growth. For most of the banks’ corporate clients it has also been a year of consolidation because of the continuing impact of the financial crisis. By Jack and Wolfi Large.

Also in this section:
Global network banks
ICM services in Europe
ICM services in North America
ICM services in Latin America
ICM services in Asia-Pacific
ICM services in the Middle East and Africa
The banking clubs






A year of consolidation

In 2009 three of the banks taking part in the survey, Commerzbank, WellsFargo and BNP Paribas, began the process of merging their cash management operations, products and networks with those of banks they had taken over. The merger of Commerzbank and Dresdner, two of the biggest German banks, began at the end of 2008.

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