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
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 growing intra-regional trade in Asia, the largest trading region in the world, and expansion of supply-chain networks beyond China, transaction banking promises to offset slowing revenues elsewhere.
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