HSBC has lured former Philips CFO Bart Ras away from Citi to be its new global head of business development for global trade and receivables finance (GTRF).
Standard Chartered tops the ratings for the quality of its payment processing services provided in Asia-Pacific, based on East & Partners research. HSBC follows, while Citi's performance has waned in the last year.
China’s central bank has lifted a host of restrictions designed to make renminbi cross-border trade settlement easier to conduct, while at the same time announced new measures to promote greater offshore renminbi activity.
Jul 15, 2013
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News reports suggest Asia’s central banks are set for “heavy currency intervention” to defend against the flood of capital leaving the region as US monetary policy tightens. Will this really happen? CT asks the experts.
DBS tops the ratings for receivables financing services provided in Asia-Pacific, based on East & Partners research. Standard Chartered and HSBC closely follow, but J.P. Morgan lags.
HSBC tops the ratings for e-banking services provided in Asia-Pacific, based on East & Partners research. Citi, Standard Chartered, J.P. Morgan and DBS are the chasing pack.
Standard Chartered tops the ratings for services rendered in accounts and transaction facilities in Asia-Pacific, based on East & Partners research. Citi, UOB and Hang Seng Bank sit at the foot of the table.
Two landmark OTC trades based on the offshore renminbi interbank lending benchmark were readied last week. However, lack of overall liquidity meant the one-year deals were based on three-month lending data.
J.P. Morgan has provided its clients with advice on how to get the green light from the People’s Bank of China (PBOC) to conduct a cross-border renminbi intercompany loan. Here is a précis of the guidance: