Crunch, crunch, it's not so bad

Thomas DuCharme of Deutsche Bank takes a look at the credit crisis and what it means for transaction banking in Asia.
Thomas DuCharme, regional head of global transaction banking at Deutsche Bank, talks to FinanceAsia about the impact of recent events on transaction banking.

The credit crisis has put the investment banking industry under the spotlight. What has been the impact on transaction banking in the region
At a high level, the credit crisis has reinforced the view that transaction banking is a solid and stable component of banks. During a period in which the capital markets and trading businesses of some of the worldÆs leading investment banks are facing significant problems, the momentum for the transaction banking business is still very strong. In Asia, this is a function of the continuing growth story...
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