As China's currency hits its highest levels since 2015, analysts say it’s not about to end there. That's already leading to steep foreign exchange losses for some Chinese exporters.
HSBC’s strategic push to Asia promises explicit investment in transaction banking platforms and lending rates set to undercut existing lenders*, but the shift will be far less substantial than presumed.
Basel III proposals requiring banks to report intra-day liquidity will severely stifle correspondent relationships, but the infrastructure could be valuable to companies.