Thu, Jan 19, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Greenwich finds that Asian banks are gaining ground on global rivals

Thursday, April 25, 2013

Beverly Chandler, Opalesque London: In their latest report entitled Asian companies forge new ties with local banks, Greenwich Associates finds that Asian banks are gaining ground on their global rivals by stepping up their service quality in corporate banking and by stepping in to fill the void left by retrenching foreign European banks.

The firm finds that the global financial crisis and its aftermath have presented Asian banks with a unique opportunity. "The European banks that have traditionally claimed corporate banking and cash management relationships with large Asian companies have come under pressure from balance-sheet constraints and from difficulties in securing U.S.-dollar wholesale funding. This combination of challenges has led some global banks — including banks that in the past maintained a commanding presence in the Asian marketplace — to narrow their Asian strategies and to cut back on the resources they commit to the region."

Asian banks are closing the quality gap in corporate banking and cash management according to Greenwich. Over the past few years Greenwich Associates research has documented Asian banks’ success in exploiting this opportunity and they have found that Asian banks are making significant investments in talent and technology. "As a result, at a time when some foreign banks have given Asian companies ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. The Big Picture: The case for emerging market debt in 2017[more]

    Benedicte Gravrand, Opalesque Geneva: Emerging market (EM) assets outperformed in 2016 mainly because of stronger fundamentals and an improving international environment, with GDP picking up speed, leading to positive earnings revisions for the first time in five years,

  2. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  3. Short Selling - Long-short hedge funds are ditching the shorts to focus on longs[more]

    From Bloomberg.com: What happens when you take the "short" out of a long-short trading strategy? Some hedge funds are about to find out. Equity long-short fund managers, the biggest category in hedge funds, hold the fewest bearish stock bets on record, data compiled by Credit Suisse Group AG s

  4. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  5. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee