Branch office status enables Wachovia, to provide a broader array of corporate banking services to companies doing business in Europe, including foreign-currency loans, deposit services, capital markets products, foreign exchange and investment services. The conversion of the London office to a branch is a component of Wachovia’s strategy to provide enhanced global banking services for corporate clients. Wachovia has developed an excellent European corporate customer base. Likewise, Wachovia’s strong U.S. corporate customer base opens opportunities to provide key services to their European subsidiaries.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.