Following its launch of services in offshore Chinese yuan (CNH) for cash management, trade finance and foreign exchange in December 2010, Nordic bank SEB has launched an enhanced service to facilitate electronic trading of CNH via the SEB Trading Station. CNH can now be traded 24 hours through SEB’s international network.
SEB is one of the first international banks to offer such services to its clients. This opens up a range of new opportunities for organisations that have cross-border trade with China.
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.