HSBC’s strategic push to Asia promises explicit investment in transaction banking platforms and lending rates set to undercut existing lenders*, but the shift will be far less substantial than presumed.
The latest court ruling for Citi to pay damages to Mercuria does not mark the end of a legal dispute that centres on trade finance fraud at the Port of Qingdao.
Basel III proposals requiring banks to report intra-day liquidity will severely stifle correspondent relationships, but the infrastructure could be valuable to companies.
CT's Working Capital Chronicle has been updated to include both cash and trade deals between Lenzing Group and Deutsche Bank; as well as Jeans International and DBS.
