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.
The Importance of Faster Bank Transfers in Trucking Business
Delays in the trucking industry do not occur only on the highway. They also occur in bank accounts – and… Read More
Aerospace Industry Group Laud Exim Bank Reauthorization
The U.S. aerospace industry is hailing the recent passage by Congress of legislation that renews the operating authority of the Export-Import Bank… Read More
U.S. Aerospace and Defense Industries Encouraged by House Action on EXIM
The U.S. House of Representatives voted last week 313-118 to revive the beleaguered Export-Import Bank (EXIM). The legislation, introduced by Rep…. Read More
U.S. Business Community Applauds House Vote to Reauthorize EXIM
The United States House of Representatives voted last night to reauthorize the Export-Import Bank of the United States. The agency… Read More
Export-Import Bank Subject of Congressional Testimony by NAM Executive
For 80 years, the Export-Import Bank of the United States provided financing, guarantees, and credit insurance in support of U.S…. Read More
Lack of EXIM Financing Forces GE’s Hand
Industrial multi-national General Electric Co. has said it will move 500 U.S. power turbine manufacturing jobs to Europe and China…. Read More
Euler Hermes Launches Energy Trade Credit Group
The North American energy sector‘s volatility coupled with stricter banking regulations have made it increasingly difficult for energy companies to… Read More
China’s Currency Devaluation: A Manufacturing Perspective
Beijing’s dramatic devaluation of the Renminbi yesterday changes things for companies using contract manufacturers in China. That’s the assessment of… Read More
China’s Currency Devaluation: Short-Term Fix or Long-Term Reform?
The Center for Strategic and International Studies provided Global Trade with the following Q&A on China’s currency situation, with Scott… Read More
GE Could Join Boeing in Moving Production Overseas If EXIM Dies
Global conglomerate General Electric is taking steps to shift some U.S. manufacturing work overseas now that the U.S. Export Import Bank… Read More
Risky Business
In the early 1990s, Salt Lake City-based Utah Metal Works dropped its trade credit insurance policy and began to self… Read More
Time To Collect
When Deborah Walliser started her San Francisco company, Got Produce? Franchising Inc., she didn’t expect collections to be a big… Read More
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