HSBC has expanded its cash management coverage in Europe with the formation of partnerships with domestic banks in Norway, Sweden and Denmark. HSBC’s proposition enables the group to provide services to clients in countries where it does not currently have a presence by operating through partnerships with banks that act as conduits to the local clearing systems on HSBC’s behalf.
“This expansion of our European cash management capabilities will allow us to increase international connectivity and deliver value to our customers through linking up our customers’ businesses across multiple markets” said Tim Fitzpatrick, head of payments and cash management (PCM) for Europe at HSBC.
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.