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
Four ways to evaluate international payments
It used to be that only large companies did business internationally. In the past few years, increasing globalization, reduced trade… Read More
MyBucks Piloting FinTech in New Markets With Novel AI Credit Scoring
Financial technology or FinTech, like any industry with such a strong focus on providing more intuitive deliverables to its consumer… Read More
Machine Learning Critical for Better SME Credit Scoring in Trade Finance
Tradeteq, the trade asset distribution platform, has today released a white paper aimed at demonstrating how machine learning, combined with… Read More
First Pilot Client Transactions Successfully Executed on Batavia Global Trade Finance Platform
Batavia, the blockchain-based global trade finance platform that has been jointly developed by a consortium consisting of Bank of Montreal… Read More
Trade Finance Constraints Harmful to SMEs
The International Chamber of Commerce’s 10th annual Global Survey reveals that counter-terrorism and other international regulations are significantly inhibiting the… Read More
SCPA Achieves Record Month
The South Carolina Ports Authority announced the highest April container volumes in its history, with growth of four percent over… Read More
The Future of Trade
Sweeping advances in technology and finance will fuel global trade over next decade. Technology could bridge the current $1.5 trillion… Read More
HSBC and ING Execute Live Trade Finance Transaction on Blockchain Platform
HSBC and ING Bank have successfully executed a live trade finance transaction for international food and agriculture conglomerate Cargill using… Read More
A Hard Exit From the Iran Deal
In a sweeping action with immediate consequences for both US and non-US persons, President Trump announced the withdrawal of the US… Read More
Currency Manipulation: Not a Concern for US-China Trade
For all of the talk of a trade war between the United States and China, there is one issue that… Read More
New Global Survey Reveals Growing Internet Anxiety
Nearly 80 percent of internet users in North America are concerned about privacy online, saying that internet companies are a… Read More
« Previous 1 2 3 4 … 13 Next »