The Royal Dutch/Shell Group’s European Oil Products business has awarded ABN AMRO a major cash management contract for its European Oil Products division, covering 18 countries. Under the five year contract, ABN AMRO will deliver a full range of cash management services, including cash concentration, payments, collections and management of partner banks, for Shell’s extensive network of wholesale and retail operations. ABN AMRO will receive through a central, bank independent, communication system all instructions in the region for settlement. All transaction enquiries will be routed through ABN AMRO.
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.