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
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
Fourth Quarter Currency Impact for Multinationals is the Largest Seen to Date
Of a total of 1200 companies analyzed by FiREapps, 409 companies—357 in North America and 52 in Europe, or 34… Read More
Opportunities for U.S. Businesses and Travelers from Changes to U.S. Cuba Regulations
On March 16, the Treasury Department’s Office of Foreign Assets Control (OFAC) published a final rule that further facilitates travel… Read More
Breaking Up Banks: How Would That Effect Global Companies?
The issue of the breaking up big Wall Street banks has been raised and discussed in the ongoing U.S. presidential… Read More
Islamic Mutual Fund Adds Trade Finance Investments
Azzad Asset Management, based in Falls Church, Virginia, announced that it has added investments in ethical trade finance deals. These… Read More
Not Your Average Zhou
Zhou Xiaochuan, the urbane governor of China’s central bank for the past 13 years, gave a lengthy interview recently to… Read More
TriLinc Global Impact Fund Makes Impact Investments in Latin America and Sub-Saharan Africa
TriLinc Global Impact Fund has approved $9.5 million in term loan and trade finance facilities to companies in Argentina, Ecuador,… Read More
APEC Cuts Environmental Goods Tariffs
The 21 economies of the Asia-Pacific Economic Cooperation (APEC) have published details on their implementation of tariff cuts on a… Read More
China Demands Concessions to Advance Canada Free Trade Pact
Canada will have to make some serious concessions on its foreign investment policies and commit to building an energy pipeline… Read More
China Promoting International Use of RMB
China is taking several steps to promote the international use of its currency, the renminbi, according to a report prepared… Read More
Banking On Exports
Paul M. Hletko is on a mission to reclaim his grandfather’s legacy. The former attorney and guitar player runs FEW… Read More
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