Asia a transaction banking goldmine for StanChart
Singapore
ASIA's burgeoning economies are often the only growth engine for many multinationals and that in turn has helped boost Standard Chartered Bank's transaction banking business.
"Transaction banking is doing very well, revenues grew double digits in first half year-on-year," said Alex Manson, StanChart global head of transaction banking.
TRENDING NOW
Palm oil stocks set to surge as Indonesia said to be scaling back export overhaul: analysts
Not in education, employment or training: Why more Hong Kong youths are opting out of work
Taiwan’s wealthy seeks diversification to Singapore, sparking private banking race: Bloomberg
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan