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Back to basics: Global investment banks beef up transaction business in Asia

They are gearing up for a likely pick-up in trade and using investment banking platforms as a lever

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In its inaugural transaction banking league table, industry analytics firm Coalition ranked HSBC and JPMorgan as the two strongest performers in 2016 in Asia, based on revenue versus a year earlier.

Hong Kong

WITH dealmaking in Asia sluggish and Chinese investment banks taking market share from global rivals, some foreign banks are ploughing resources into transaction banking, the workaday business of financing trade, managing cash and facilitating payments.

At a time of

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