“Apart from this erosion of trust, this trend signifies little headway made by banks to leverage their own advisory services. “The results of the market analysis showed HSBC’s dominance in Trade Services and share of mind and a stellar performance in the areas of market share, wallet share across both Transactional banking and Trade Finance,” it said. E&P said that between 2014 and 2017, average primary wallet share for the Top 4 banks has on average dropped by 3.75%. It said HSBC emerged, together with Citigroup and Standard Chartered, as the dominant providers with the highest wallet share across all banks. It said that on the other hand, the research shows ANZ experienced the greatest downturn in their trade finance services.

Source: The Edge Markets March 06, 2017 01:18 UTC