The unmet demand for trade finance services yawns widely reaching more than $1.6 trillion. The ICC concludes banks alone will not solve this desperate issue.
The aircraft maker said it had failed to provide full disclosure on its use of third-party agents for sales in the emerging markets. Authorities are looking into the case while freezing credit support.
Basel III proposals requiring banks to report intra-day liquidity will severely stifle correspondent relationships, but the infrastructure could be valuable to companies.