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HSBC and Deutsche Bank Face Revenue Risk as Crypto Payments Gain Traction
European banks with large corporate cash management businesses could face revenue pressure if companies begin using digital assets to manage liquidity and payments, according to RBC Capital Markets. Institutions such as HSBC and Deutsche Bank are among the most exposed, reflecting their reliance on corporate payments as a core revenue stream. The analysis highlights a potential shift in how corporates handle cross-border transactions, an area traditionally dominated by banks. If digital assets, particularly stablecoins, begin to take share in this segment, banks could see both fee income decline and funding costs ... (full story)