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
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Western Union Partners with UK Department for International Trade
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Standard Chartered Closes Three Ship Deals
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Pensions for Expats
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Lifting the Veil on a Trump Economy
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Recommendations for Investments in Competitiveness
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Blockchain: Evolution Not Revolution
Blockchain—more precisely, distributed ledger technology—seems to be the talk of the town. Best-known as the process underpinning the virtual currency… Read More
Evading Trade Sanctions in North Korea
Research being conducted at two august academic institutions in the Boston area is shedding light on how North Korean companies… Read More
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Global Banks Are Retreating From Lending to Shipping Companies
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China’s RMB International Outreach Zeroes in on Latin America
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