Competition among banks for treasury management business is benefiting companies and institutions around the world by making credit more easily available, customer service more focused and electronic services more efficient, according to research by Greenwich Associates. While treasury management customers stand to reap considerable gains from these developments, they must also be on guard against customer service downgrades by banks that are increasingly segmenting their client lists on the basis of profitability, warned the report. With new coverage systems, banks can monitor the relative profitability of their accounts more efficiently than ever,’ said Greenwich Associates consultant, Robert Statius-Muller. ‘If a given company is producing too few profits in comparison with other corporations in its category, it is liable to get downgraded in terms of coverage, idea flow, and service generally.’
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.