The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

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.

saudi-q.gif

Participants in this discussion

Standard Chartered Bank Group
Karen Fawcett (KF, Standard Chartered)

JPMorgan
Mark Garvin (MG, JPMorgan)

HSBC
Andrew Long (AL, HSBC)

Bank of America Merrill Lynch
Dub Newman(DN, BofA Merrill Lynch)

Citi
Francesco Vanni d’Archirafi (FVdA, Citi)

Deutsche Bank
Werner Steinmüller (WS, Deutsche)

RBS
Brian Stevenson (BS, RBS)

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?

Andrew Long (AL, HSBC)
AL, HSBC Investment banking and markets can deliver stellar returns on a fairly random basis. Transaction banking returns are more stable. Having said that, most of us have shown a sharp drop in 2009 versus 2008 because of the impact of the global economy and market rate movements – but revenues will come back.

Mark Garvin (MG, JPMorgan)
MG, JPMorgan Banks’ management and shareholders won’t forget the performance of transaction banking in 2008, when against a backdrop of unprecedented turbulence and market disruption it delivered reliable, stable and counter-cyclical results.


You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree