BASF has appointed Citigroup to provide their employees with Visa-branded travel and entertainment corporate expense cards across Europe. Francesco Vanni d’Archirafi, head of Citigroup’s Global Transaction Services business in Europe, the Middle East and Africa, said: ‘We are pleased to provide BASF with a commercial card solution that will help them run their business more efficiently. This appointment deepens a long-standing relationship between BASF and Citigroup.’ Over 5,200 cards have been issued to BASF employees already in Germany with plans to expand the programme across Europe. Citibank’s proprietary issuing platform was an important factor in BASF’s selection process.
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.