Cash management: Transaction banking moves centre stage
Both as an attractive, highly profitable business for banks and a provider of increasingly vital services for corporate clients, transaction banking is in the limelight. Euromoney speaks to leading bankers in the sector about market conditions and likely prospects.
Participants in this discussion
Standard Chartered Bank Group
Bank of America Merrill Lynch
Interviewed by Laurence Neville, Euromoney
During the financial crisis, transaction banking became the star performer within many investment banks as capital markets revenues crashed. Has transaction banking’s star waned within banks as low rates have held back its performance and capital markets revenues have returned?