UK banks' share of corporate currency business dips

UK banks' share of corporate currency business dips
 

The share of Britain's biggest banks in the market supplying UK companies' daily foreign currency needs fell for a second year running in 2016 as firms made more use of new trading platforms and brokers, an industry report showed on Wednesday.
Banking researchers East and Partners surveyed more than 2,000 small, medium and large British firms and found falls in both the volume of business done with banks and the number of companies using them as a primary provider.
Barclays, HSBC and Lloyds remained the top three providers of currencies to companies, but all lost market share, to 14.3... read more

 
11 January 2017 in Business, Views: 48
Source: Reuters
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