 |
| Non-financial institutions |
| Which ICMs used most globally |
| Best regional cash manager |
| Best domestic cash manager |
| Customers rate lead global ICM's services |
| Financial institutions |
| Which ICMs used most: |
| Globally |
| Europe |
| North America |
| Asia |
| Latin America |
| Middle East |
| Africa |
| Methodology |
Four years ago – as Lehman Brothers collapsed and the world stood on a precipice – a number of the world’s largest banks discovered a gem in their product portfolio. Transaction banking had always been central to many banks’ offerings – without payments the global economy can’t function. However, almost overnight its combination of high returns on equity, annuity-style revenue generation and a sticky customer base made it irresistible for a sector that knew investment banking returns were about to nosedive. A quick glance at the stellar performance figures from leading transaction banks for the year preceding the crisis was enough to convince many of the value of the business. For the first six months of 2007, Deutsche Bank’s global transaction banking (GTB) unit had a pre-tax return on equity of 85% compared with corporate banking and securities’ 42%.