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
A Flip-Flop on EXIM?
Last week was one of reversals for President Donald Trump. Within the space of 24 hours, he pivoted 180 degrees… Read More
WATCH: Pioneering Blockchain for Trade
Vivek Ramachandran, global head of product and propositions for global trade and receivables finance at HSBC, explains the importance of… Read More
Mitigating Foreign Currency Risks
Freight forwarders and shipping executives have plenty on their minds these days. Years of extraordinary central bank intervention and cheap… Read More
North American Businesses Braced for Increased Currency Volatility in 2017
AFEX, one of the world’s largest non-bank providers of global payment and risk management solutions, today announced the results of… Read More
LOAN RANGERS
When Lisa Bitsky, owner and president of Automated Design Corp., needed a loan in 2011, she headed to her local… Read More
Hyundai Merchant Marine to Receive $515 Million From Government
A new shipping company created by South Korean state lenders for the expansion of terminals and fleets will be forking… Read More
BofA Merrill Lynch Expands ACH Payments Capabilities on CashPro
Bank of America Merrill Lynch has substantially increased its international payments capabilities via the bank’s online and file-based banking portal,… Read More
Drewry Launches Credit Research for Maritime
Drewry Financial Research Services, the investment research arm of global shipping consultancy Drewry, has launched a new credit research service… Read More
China is Struggling to Keep its Currency High, Not Low
Candidate Trump promised to label China a currency manipulator on day one in the White House. In recent months, however,… Read More
Russia Sanctions Bill Could Deliver Punishing Blow
On January 10, a bipartisan group of United States Senators introduced new legislation that would impose sanctions against Russia in… Read More
Western Union Partners with UK Department for International Trade
Western Union Business Solutions, the international payments specialist, is now an official partner of Exporting is GREAT, the campaign delivered… Read More
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