Global Trade Review: Bank revenues from trade finance are set to decrease by 8% this year, with returns from cash management services predicted to decline even further at 12%.
PYMTS: “The transaction banking industry has been in steady growth mode for the better part of a decade. In 2020, the global pandemic has brought that to a screeching halt.”
S&P Global Market Intelligence: Banks will have to rethink their business practices created for a "normal" interest rate environment, according to a white paper from Coalition Greenwich, a CRISIL Ltd. company.
S&P Global Market Intelligence: In general, customers have shifted to smaller banks from bigger banks, partly because the largest banks could not handle the unprecedented service demand that spiked during the early days of the economic...
Institutional Investor: According to research by Greenwich Associates, some 93% of market data professionals say they are planning to use the cloud to help manage their data.
WSJ: “It’s a highly competitive environment,” Mr. Swanson said. “The other exchanges aren’t going to just sit there.”
Ignites: NYSE and Nasdaq can be expected to respond if MEMX shows signs of biting into their business, said Shane Swanson.
The Desk: Analysis by research firm Greenwich Associates has found the US Treasury market saw volatility 50% lower in August 2020 than in August 2019.
CTMfile: Almost three-quarters of the large European companies participating in the Greenwich Associates 2020 Global Trade Finance Study had their business or supply chains negatively impacted by the COVID-19 crisis.
Bloomberg: “For the foreseeable future, there are many good reasons why people would be cautious about getting back into the basis trade,” said Ken Monahan...
