The tug of war for Asia Inc's banking business

J.P. Morgan and Bank of America Merrill Lynch are the latest banks to want a slice of Asia’s lucrative corporate banking pie, but with fierce competition, can they really succeed?

To succeed in corporate banking these days, banks need a new growth story and many are turning to Asia to find it.

Long-term structural changes now under way will fundamentally affect banking in the years to come, wrote Tab Bowers, a Tokyo-based director at McKinsey and Company, in a recent McKinsey Quarterly article on the changes facing global banks. He went on to write that in all of the outcomes he and his colleagues looked at, global banks would face capital shortages at home and that one strategy to maintain growth would be to shift their businesses towards rapidly expanding emerging markets.

J.P. Morgan and Bank of America Merrill Lynch Bo...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222