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
China’s RMB International Outreach Zeroes in on Latin America
China has just reached a new milestone. On October 1, the renminbi (RMB) debuted as an official currency in the… Read More
Debunking The Top Ten Myths About International Distribution Agreements
A specialty foods company was locked in negotiations with a Swedish distributor. They went back and forth on terms for… Read More
Shifting Investments for Sustainable Infrastructure
A new report from the Global Commission on the Economy and Climate calls on governments and finance institutions to scale… Read More
6 TIPS WHEN SETTLING IN FOREIGN CURRENCIES
Rohit Arora, CEO of Biz2Credit in New York City, had to take currency fluctuations into account when striking a deal… Read More
Moody’s Places Maersk’s Credit Rating on Review
Moody’s Investors Service has today placed on review for downgrade the Baa1 issuer rating of Denmark-based shipping and oil company… Read More
Government Stays Open, Export-Import Bank Remains Hobbled
Right now, there are more than 30 proposals, totaling more than $20 billion, awaiting approval at the Export-Import Bank. As… Read More
Argentina: Open For Business
For fifteen years, Argentina bided its time, waiting for the right moment to take its place in the international economy…. Read More
Commerzbank and UniCredit Complete First UK BPO Live Transaction
Commerzbank London and UniCredit have successfully processed the first UK Bank Payment Obligation (BPO) live transaction. The transaction covers the… Read More
EXIM Still Not Totally Back in Business
The National Association of Manufacturers (NAM) and the U.S. Chamber of Commerce think that a continuing resolution currently pending before… Read More
Supply Chain Finance: One Bank Can’t Do It All
Anyone familiar with global supply chain finance initiatives can appreciate the complex orchestration that goes on between treasury, funders, technology,… Read More
Indian Port Adopts Innovative Loan Scheme
India’s premier container port, Jawaharlal Nehru Port in Navi Mumbai, has signed an agreement with State Bank of India and… Read More
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