Suncorp Metway, the Australian financial services firm, and ABN AMRO have signed an international trade finance outsourcing agreement that gives Suncorp access to ABN AMRO’s global trade network. ABN AMRO will process all of Suncorp’s international trade transactions including import letters of credit, collection of export proceeds, and risk mitigation on a variety of cross-border transactions. Customers will also have access to ABN AMRO’s MaxTrad system which allows trade information to be securely transmitted to banks and companies around the world.
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.