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Banks expand cash management radar

Extension of such services to capture smaller firms partly reflects tighter competition in transaction banking
Saturday, August 16, 2014 - 06:00
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SELLING POINT Citi tries to differentiate itself by focusing on providing a suite of services to clients, most of which have ambitions to go global, and can benefit from Citi's global network. - PHOTO: BLOOMBERG

Singapore BANKS are more aggressively extending cash management and other transaction services that are better associated with large multi-national firms, to smaller companies - a move that partly reflects tighter competition in transaction banking. This also comes as smaller firms are rising in

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