Citigroup Global Transaction Services has launched a white-label proposition – Borderless Banking – aimed at allowing banks “to expand their product range, re-engineer their delivery infrastructure and extend their geographical network.” Under the scheme banks can provide access to a modular set of Citigroup products and services in payments and collections, foreign exchange dealing and clearing, securities trading and clearing, sub-custody and agency treasury. The bank’s new Single Nostro account (under development) will allow banks to make payments and collections in more than 45 currencies through a single account in the base currency of their choice.
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.