Banks serve Consumers and Corporates. (Banks don’t know how to service Small Business but that is another story).
In this post I want to focus on Corporates (Global 2000). This includes;
- Debt (and maybe equity but that is more the domain of high growth ventures). Banks lend from their own Balance Sheet and are the conduit to the capital markets.
- M&A. Last week I looked at disruption hitting M&A but the conclusion was that this was restricted for now to the Mid Market.
- Treasury Management services.
- Foreign Exchange.
This is a hyper competitive market. Corporates have a lot of clout so they get good prices and service by getting banks to compete. This is the opposite of what has traditionally been true in Consumer and Small Business markets where the Banks have had all the clout – and abused that clout – which is why Emergent Fintech…
View original post 297 more words