ABN AMRO has signed a trade services agreement with Barclays that will initially see ABN AMRO undertaking operational processing for Barclays’ trade services business. ABN AMRO began handling processing for Barclays in January 2004. The initial activities being processed are export letters of credit for UK beneficiaries while the remaining trade services activities will be phased in over 2004, including import letters of credit, import and export documentary collections and clean reimbursements.
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.