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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WATCH: China’s $1 Trillion in US Debt: What’s the Risk?
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AMERICA’S BEST CITIES FOR GLOBAL TRADE
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Oxigen and AFEX Launch Joint Service For Business Transfers To India
Oxigen USA, Inc. has partnered with Associated Foreign Exchange (AFEX) to provide US businesses transferring money to India with a… Read More
New US Sanctions Target Venezuela’s Debt And Equity Financing
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How Blockchain Could Transform International Trade
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WATCH: How HSBC and IBM Digitize Global Trade
HSBC, a leading trade finance bank, is working with IBM to develop a cognitive intelligence solution combining optical character recognition… Read More
US AND CHINA EMERGE FROM TRADE TALKS STILL AT ODDS
The United States and China entered July’s Comprehensive Economic Dialogue with wildly diverging agendas and goals. The US wanted to… Read More
The Hidden Impact of Lower Oil Prices
The economic stagnation from low oil prices is affecting liquidity conditions across Gulf Cooperation Council (GCC) countries, according to a… Read More
Persistence Pays Off
When Aksel Sidem and his two business partners needed financing for their Milwaukee-based company S3 International, LLC, they found that… 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
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