A multi-country agreement has been reached between Citigroup Global Transaction Services (CGTS) and Visa that will see CGTS launch commercial payment and information management card programs to Citigroup corporate clients in Latin America and the Caribbean. The service has been designed to increase procurement process efficiency and provide cost savings, said the bank. Under the agreement, Citigroup will provide Visa-branded card payment solutions to multinational corporate clients in the region through their Citibank Commercial Cards business. The program will be launched initially in Argentina, Brazil, Chile and Mexico and annual card spend is estimated to reach US$ 1.4 billion by 2008.
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.