RUSSIA SPEEDS UP NEW PAYMENT SYSTEM
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Corporates and their banking partners still often speak different digital languages, but new initiatives by SWIFT and SAP should make connectivity easier. And increasing competition will be a good thing for corporates, sparking innovation and driving down costs.
NBCUniversal is the latest in a long line of companies looking to take advantage of business process outsourcing for some of its finance functions.
The People’s Bank of China and the African Development Bank agreed last week to establish a $2 billion co-financing fund.
The banks of North America as a group are fundamentally strong. Of 30 US banks that participated in the Federal Reserve’s second round of stress tests, 25 passed with flying colors, according to results released in March.
Corporate banking has always lagged the retail sector when it comes to the adoption of digital technologies, but mobile-banking services are gathering pace—and some visionaries are even contemplating banking services based on wearable technologies.
Fast-paced developments in China and overseas are bolstering the renminbi’s international expansion.
While Latin American banks continued to expand their client base and footprints, the sector still faced important challenges.
Since the global financial crisis, US regional banks have taken market share in corporate banking away from the national money-center banks, which have dialed back on risk to rebuild their balance sheets.
The financial system in Africa varies from the highly developed banking institutions of South Africa and Nigeria to the barely organized banking sector of South Sudan, the world’s newest country.
In our 21st annual survey, Global Finance identifies the best banks in 150 countries and eight regions. The winners are not always the biggest banks, but rather, the best—those with the qualities that corporations should look for when choosing a bank.
While US policymakers are calling for a real-time payments system to be in place within a decade, payments execs think it could be achieved in just two years.
Earning a profit making food has become harder thanks to the sluggish global economy and unpredictable raw material costs. A new study by Paris-based management consultancy Solving Efeso finds that the volatility of commodity prices has risen 9% to 20% ...
GOLD STANDARD By Rebecca Brace and Anita Hawser Global Finance presents the winners of its annual Best Treasury & Cash Management Providers awards. Global multinational corporates may have come out of the 2008 global financial crisis better off than the ...
MILESTONES By Ronald Fink Fiat-Chrysler’s move from Italy to London, and the plans of other multinationals to relocate to the United Kingdom, cements the UK’s newfound international tax status. The car manufacturer’s recent decision to shift its tax domicile from ...
Tax officials perplexed by Google (Photo: CoolCaesar) If 2013 was the year public opinion turned solidly against the tax avoidance strategies of large technology companies, 2014 promises to be the year lawmakers actually address the schemes. In late December, Italy ...
NEWSMAKERS By Justin Keay There were few raised eyebrows when Poland’s premier Donald Tusk replaced his longtime Finance minister Jacek Rostowski with 38-year-old Mateusz Szczurek in a major cabinet reshuffle on November 20. Disagreements between Tusk and Rostowski ...
TREASURY & CASH MANAGEMENT Moderated by Joe Giarraputo Treasurers from leading Fortune 500 companies and executives from top banks gathered at the Harvard Club in New York in November to discuss the challenges they face in a post-crisis ...
ANNUAL SURVEY — STANDING OUT FROM THE CROWD By Adam Rombel In the second of a two-part series, Global Finance recognizes the best corporate/institutional and consumer Internet banks globally and in six regions, as well as an overall winner. For ...