Global Transaction Banking – The Boring New Cool?
The Economist has an article this month on Global Transaction Banking. Satvinder Singh, the head of Deutsche Bank’s trust and securities services business summaries the article quite well in his quote:
“Transaction banking is in the middle of a decade of love,”
Further, you can begin to gauge the reason for the interest in the “boring” world of transaction banking, when put in the context of the investment banking and trading world (the previous cool world before it blew up):
Total revenues in this business are probably worth about $200 billion a year, not much less than for investment banking and trading, though far more fragmented
If you want the marketing spin on Global Transaction Banking (GTB), then Google will point you at an appropriate page on most of the major banks, an example being CS.
The FT offers further reading, “Transaction banking: Once-neglected segment is now banking’s belle of the ball”
Finally, Global Finance provide some insight into what products are being leverage by banks in this space.