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Banks expand cash management radar

Extension of such services to capture smaller firms partly reflects tighter competition in transaction banking

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


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...

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