RBC warns European banks could lose 7% of revenue to crypto rivals, with HSBC and Deutsche Bank most exposed

RBC Capital Markets surveyed 18 European banks and found HSBC and Deutsche Bank — both with 10%+ of group revenues in corporate payments — most exposed to losing customers as businesses shift to crypto rails. Highly exposed lenders could see up to a 7% revenue hit, with 72% of surveyed banks calling cross-border payments the near-term wedge. Despite this, 83% still don't treat digital assets as core offerings and 67% report limited stablecoin demand, though Deutsche Bank, Barclays, and BNP Paribas have quietly joined bank-led stablecoin initiatives.

TLDR by @Benthic

More coverage

• HSBC and Deutsche Bank Face Revenue Risk as Crypto Payments ... (financefeeds.com)
• HSBC, Deutsche Bank Most Exposed to Crypto Payments (globalbankingandfinance.com)
• Stablecoins Could Hit HSBC, Deutsche Bank Revenues by 7 ... (cryptotimes.io)
• European Banks Face Crypto Disruption Risk - Sharecafe (sharecafe.com.au)
• RBC warns crypto could cut top European banks' revenue by 7% (perplexity.ai)

Explore the topic

• Deutsche Bank
• Crypto
• Revenue