U.K. banks — and large banks everywhere — are losing market share in their corporate clients’ FX needs, new data revealed.
According to reports Wednesday (Jan. 11), East and Partners found that, across 2,000 SMEs and large U.K. companies, the volume of foreign exchange services business conducted with U.K. banks has declined — as has the number of companies using a U.K. bank as their primary provider of FX services.