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The European sovereign debt crisis has created a two-tiered market in corporate banking and cash management: Banks from troubled “periphery” nations are struggling under the weight of concerns about their financial strength while banks from the European “core” and the United Kingdom benefit from extremely low funding rates.
HSBC and Citi are the leading corporate banks in Asia, with each bank ranking either first or second in market penetration in Overall Corporate Banking, Corporate Cash Management and Debt Capital Markets, according to the results of Greenwich Associates most recent Asian Large Corporate Finance Study.
Bankers agree: Corporate lending has become so fiercely competitive that banks can no longer easily differentiate themselves on price. Instead, banks are looking to win new business and retain existing small business and middle market banking customers by wowing them with top-quality service.
Investors and companies now finding their footing following months of tense crisis in Europe should brace for further disruption in European credit markets, according to a new report from Greenwich Associates.

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