SEB in China has received the preliminary licence to pursue banking operations in the Chinese currency, the renminbi (RMB), from the China Banking Regulatory Commission (CBRC).
“This will allow our clients in China to take advantage of a full range of corporate banking services in the local currency Renminbi across the whole country”, says Carl Christensson, head of SEB in Shanghai.
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.