The $80 million-asset bank, Banco Portugues do Atlantico-Brasil S.A., based in São Paulo, Brazil, formerly a subsidiary of Banco Portugues do Atlantico S.A. in Lisbon, Portugal, has been renamed Banco Wachovia S.A. The addition of Banco Wachovia, which will continue its trade finance focus, is part of Wachovia’s global services strategy of providing services to corporate customers conducting business outside of the United States.
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.