In the popular imagination, international banking is most commonly associated with secretive Swiss accounts and offshore holdings. In reality, international banking is primarily concerned with the same transactions available at your local branch; it is separated by experience with the complexities of international business and investment, and how they can best be navigated for the convenience and fiscal benefit of clients. The benefits of international banking include the ability to invest in the economies of developing countries, the protection of capital from certain types of litigation, and less extreme interest rate fluctuation. International banks also offer a number of financial services that help to facilitate global trade, including letters of credit. Choosing an international bank will involve a number of criteria, from the economic and political stability of its country of origin to the quality of its investment portfolio, to basic customer service. As the Federal Deposit Insurance Corporation (FDIC) does not insure foreign banks, these considerations are especially important to U.S. firms wishing to bank abroad.
How the ICC Plans to Restructure Global Trade Finance for a More Sustainable Global Economy
One of the most enduring effects of the COVID pandemic has been the disruption of the global supply chain. Micro,… Read More
Indian Port Adopts Innovative Loan Scheme
India’s premier container port, Jawaharlal Nehru Port in Navi Mumbai, has signed an agreement with State Bank of India and… Read More
China Puts U.S. on Import Restriction List Over Zika
China as placed the United States on a list of countries which must take precautions that its shipments are mosquito-free… Read More
Could Brexit Be a Wake-Up Call on TTIP?
The news from the UK was hardly announced when Jose Bové, the French agri-activist and member of the European Parliament,… Read More
One Senator is Thwarting Bigger EXIM Deals
It has been half a year since the Export-Import Bank of the United States (EXIM) was reauthorized after some political… Read More
Iran is Frustrated With Sanctions Relief? That’s Good News
Iran is exhibiting frustration over the fact that it has been unable to quickly cash in after signing last year’s… Read More
The Strong U.S. Dollar: Savior of the Global Economy?
The current global economic picture is characterized by volatility. And that volatility, to simplify somewhat, was brought on by the… Read More
World First Launch Helps Online Merchants Sell in Japan
World First, the international financial technology payments and currency company, is launching a new service in Japan providing access to… Read More
Why Are Companies Holding So Much Cash?
Corporations around the world, and especially those based in the United States are currently holding unprecedented piles of cash. U.S…. Read More
U.S. Congress Passes Miscellaneous Tariff Bill
The United States Senate passed a Miscellaneous Tariff Bill (MTB) last week by unanimous consent. With its earlier approval by… Read More
European Commission Supports Crowdfunding to Finance Startups
The European Commission has published report on the European Union crowdfunding sector, part of the Capital Markets Union Action Plan…. Read More
BofA Merrill Enhances CashPro Trade
Bank of America Merrill Lynch today announced that its trade finance processing application, Bank of America Merrill Lynch CashPro Trade,… Read More
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