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
Banking On Exports
Paul M. Hletko is on a mission to reclaim his grandfather’s legacy. The former attorney and guitar player runs FEW… Read More
Single Resolution Mechanism Comes Into Effect for Euro Banking Union
A milestone on building the Banking Union for the euro area was reached on New Year’s Day. At that time,… Read More
Developing Countries Most Vulnerable to Fed Monetary Tightening
Developing economies should brace for possible financial market turbulence from the U.S. monetary policy tightening cycle, according to a World… Read More
GE Sells-Off Down-Under Consumer Lending Business
GE has completed the sale of its Australia and New Zealand (A&NZ) consumer lending business to a consortium made up… Read More
China’s Gold Star
If your elementary school was like mine, when you did a good job on your homework you got it back… Read More
Bank of China Launches Two Global Commodity Business Centers in Singapore
The Bank of China has launched two global commodity business centers in Singapore, making it the first Chinese bank to… Read More
Hamburg Süd Adds Carrier Transicold XtendFRESH Technology to Reefer Container Fleet
Hamburg Süd, recently added 400 refrigerated containers equipped with Carrier Transicold’s XtendFRESH atmosphere control system to its fleet. The ship… Read More
WTO’s Azevêdo: Ratify Trade Facilitation Agreement
In a speech in Costa Rica last week, World Trade Organization Director General Roberto Azevêdo advocated for the early ratification… 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
Boeing Could Be Going, Going…Offshore?
The Boeing Company is reportedly seeking alternate financing for a multi-million dollar satellite contract that was scrubbed by privately held… Read More
Senate Committee OK’s Lifting Ban on U.S. Oil Exports
The U.S. Senate energy committee has passed a bill that would lift a decades-old ban on the export of crude… Read More
« Previous 1 … 10 11 12 13 Next »