The banking industry is not only one of the cornerstones of the global economy, it is firmly entrenched in nearly every aspect of our professional and personal lives. The financial transactions that constitute banking have been around for hundreds of years, contributing to the somewhat lackluster reputation of the industry. In recent years, however, deregulation and technological developments have brought notable changes that will help banks meet 21st century challenges in variable economic times. As other types of companies enter the financial services business, banks have also improved and expanded their suite of products and solutions to maintain their market share. The role of government, more prominent in banking than perhaps any other type of business, will continue to be critical in shaping the industry’s future.
Export Financing In The Time Of Trump
When Aksel Sidem and his two business partners needed financing for their Milwaukee-based company S3 International, LLC, they found that the U.S. Small Business Administration was ready to help—three times. S3 distributes spare parts to commercial and military customers around the world and repairs aircraft components. It exports to Asia, Europe, North Africa and South… Read More
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