The introduction of a single European currency is presenting organisations around the world with opportunities and challenges. Under liquidity services, cross-border target balancing is now available, enabling corporate treasurers to consolidate various national currency units (NCU) and the euro into a single position, delivering interest optimisation. This concentration also simplifies the management of funds across the various countries. A second product is Citibank’s euro WorldLink – a unique solution providing a single window access to all payment systems across Europe. WorldLink provides the ability to draw both euro and NCU cheques throughout the euro zone, as well as wire transfers through single funding. Finally, Citibank’s integrated receivables offering, covering ‘three into one’ processes, has been packaged to deliver the most effective solution to manage customers’ accounts receivable business.
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.