Fiji Time: 6:38 PM on Tuesday 25 April

Fiji Times Logo

/ Front page / Business

Back to basics

Reuters
Friday, April 21, 2017

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.

While existing transaction banking powerhouses including Citigroup and HSBC are expanding sales and reach, firms who have traditionally focused more on investment banking, such as JPMorgan and Deutsche Bank, are also bulking up.

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

"Across the board, we do see most of the traditional investment banks are investing in transaction banking," Eric Li, London-based research and analytics director at Coalition, told Reuters.

"They realise the investment banking pool is more volatile, and secondly there is very limited room to further improve," he said, adding the top 12 foreign banks' revenue concentration in investment banking was already above 60 per cent.








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.65690.6379
JPY 54.043051.0430
GBP 0.37900.3710
EUR 0.44740.4354
NZD 0.70000.6670
AUD 0.64600.6210
USD 0.48860.4716

from

$0.00

Exchange Rate updated on 25th, April, 2017

Today's Most Read Stories

  1. PM upsets church
  2. Luveni: Drug shortage not urgent
  3. Her dream a reality
  4. Village meets on headman's fate
  5. Gavoka queries scheme
  6. MP: Minimum wage review to be ready next month
  7. PM: No law review
  8. Girl, 4, hit by vehicle, hospitalised
  9. CORRECTION
  10. Flotsam and Jetsam

Top Stories this Week

  1. Death sparks anger Wednesday (19 Apr)
  2. Cokes17: Maia breaks record Thursday (20 Apr)
  3. Nominate while you can Saturday (22 Apr)
  4. Sawani cheerleaders Thursday (20 Apr)
  5. 30-year record stands Thursday (20 Apr)
  6. Cokes17: RKS, ACS maintain lead Friday (21 Apr)
  7. Cokes17: Natabua's Tuvusa wins Blue Ribbon title Friday (21 Apr)
  8. Cokes17: ACS ends purple reign Saturday (22 Apr)
  9. Another version of history A tribute to the contribution of Fiji Nepalis Sunday (23 Apr)
  10. Cokes17: 29 records fall as Natabua, ACS rise Saturday (22 Apr)