The global corporate banking market is worth at least $100bn a year. This megamarket - in which banks service corporate needs for cash management, payments, foreign exchange (FX), hedging and other financial services - although not as glamorous as investment banking, delivers consistent revenue streams at much lower risk.
So far, the global market is dominated by corporate banking giants Citi and HSBC, whose branch networks span the world and reach into some of the most obscure emerging markets. But earlier this year, another banking behemoth revealed its intention to challenge the incumbents and take a larger bite out of the huge corporate banking pie.
