JP Morgan Treasury Services will provide a five-year, US$100m trade finance loan to Sberbank, to enable the bank to facilitate pre-export finance for a client in the oil and gas sector in Russia.
The relationship between JP Morgan and Sberbank dates back to 1993 with JP Morgan providing US dollar commercial settlements and euro treasury settlements to Sberbank and Sberbank acting as a ruble clearing provider for JP Morgan.
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.