Transaction banking set for makeover

Steady revenues and long-term relationships have given transaction banking the cachet previously reserved for rainmakers. But they are now under threat

Transaction banking once had a reputation for being staid and boring, but it has been evolving into a more glamourous niche of the banking business – low risk, regular revenues and with the ability to build relationships. But its attractions are now under threat from rising costs and keener competition.

It's a sticky business. Typically, corporations taking a bank's cash management services, which provide vital daily payment and collections services, stay with the same provider for years.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached