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.
With two new hires in place in Singapore, global coordination, Citi ramped up its treasury advisory team in a market where competitors have struggled for business.
Treasurers and CFOs have gotten used to easy access to capital, but Bach Johann "BJ" M. Sebastian chief strategy officer of JG Summit, holding Cebu Pacific, URC, Robinsons Land Corporation, and Robinsons Retail ...
PBoC changes deposit reserve calculation for banks; APEC ministers commit to standard tax and trade barriers; Basel III monitor shows banks largely compliant
In order to meet the needs of China’s multinationals expanding abroad, Safe is overhauling its foreign debt rules so that Chinese MNC’s can better support overseas subsidiaries.
The HKMA scraps renminbi clearing bank requirements for repo transactions; Korean regulator promises lower foreign bank barriers; Safe reforms foriegn debt policies for non-Chinese MNCs.
With new head Mark Troutman appointed, as well as two new regional coordinators, HSBC is set to launch its global corporate focused sales team for payments and cash management (PCM).