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
Trade Transformation in Africa
Sub-Saharan Africa is a region that has been plagued with poor infrastructure for trade facilitation, weak export development programs, poorly… Read More
Coface: Recovery Continues in Europe, Uncertain in US, Elusive in China
Global trade credit insurer Coface released its quarterly economic outlook and map for country and sector risk. The ongoing recovery… Read More
Amber Road Expands Free Trade Agreement Solution
Amber Road, a provider of global trade management (GTM) solutions, announced today that they have added 89 trade agreements to… Read More
Launch of Blockchain Supply Chain Financial Services Platform for Pharmaceuticals
IBM and Sichuan Hejia Co. announced the launch of a blockchain-based, supply chain financial services platform for pharmaceutical procurement to… Read More
Trump’s New Cuba Policy: Not Much Change in Substance
With his announcement on Friday of a new United States policy toward Cuba, President Donald Trump attempted to walk a… Read More
Fed Raises Rates Despite Data
As expected, the Federal Reserve opted to raise interest rates 25 basis points yesterday, from 1.00 percent to 1.25 percent…. Read More
Will the Iran Nuclear Deal Survive?
As the most significant and contentious achievement of the Obama administration’s foreign policy, the Iran nuclear deal has had an… Read More
HSBC Launches Global Social Network for Business Customers
HSBC Commercial Banking has launched the HSBC Connections Hub, a digital platform designed to enable business customers to leverage HSBC’s… Read More
US-China Trade Deal: Winners and Losers
While the the new US-China trade agreement announced last week will likely benefit US agricultural exporters and financial institutions, some… Read More
New Data: 63 Percent of Global SMBs Report International Business Growth
Despite rumblings of a trade war, Brexit moving forward, and growing populist movements, data released by currency exchange provider OFX… 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
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