The banking industry is not only one of the cornerstones of the global economy, it is firmly entrenched in nearly every aspect of our professional and personal lives. The financial transactions that constitute banking have been around for hundreds of years, contributing to the somewhat lackluster reputation of the industry. In recent years, however, deregulation and technological developments have brought notable changes that will help banks meet 21st century challenges in variable economic times. As other types of companies enter the financial services business, banks have also improved and expanded their suite of products and solutions to maintain their market share. The role of government, more prominent in banking than perhaps any other type of business, will continue to be critical in shaping the industry’s future.
How Supply Chain Issues Contribute To Inflation
Escalating tensions in the Middle East increased prospects of renewed supply chain disruptions following Hamas’ surprise attack on Israel and… Read More
Time To Collect
When Deborah Walliser started her San Francisco company, Got Produce? Franchising Inc., she didn’t expect collections to be a big… Read More
Boeing Could Be Going, Going…Offshore?
The Boeing Company is reportedly seeking alternate financing for a multi-million dollar satellite contract that was scrubbed by privately held… Read More
FirstMerit Signs Strategic Partnership With International Trade Administration
FirstMerit Corporation signed a strategic partnership agreement with the U.S. Department of Commerce – International Trade Administration last week. As… Read More
U.S. Senate Votes to Reauthorize Export-Import Bank
The U.S. Senate voted overwhelmingly yesterday to revive the Export-Import Bank, approving an amendment from Sen. Mark Kirk (R-Ill.) to… Read More
Despite Major Cracks, BRICS Development Bank to Become Operational Next Year
A new development bank first proposed two years ago by the BRICS nations — Brazil, Russia, India, China and South… Read More
U.S. Titans Investing in Chinese Logistics Company
Carlyle Group LP and Goldman Sachs Group Inc. are among the U.S. concerns investing in a Chinese logistics company, Shanghai… Read More
Liquidity Squeezes in Greece, China Prompt Private Funding Program
In reaction to the Greek financial crisis and other liquidity events around the globe, Paragon Financial Group of Fort Lauderdale,… Read More
Ex-Im-Guarantee Helps Small Business Export Forklifts to Brazil
Wiggins Lift Co. Inc., a manufacturer in Oxnard, Calif., is exporting its forklifts to marinas in Brazil with the support… Read More
Failure to Reauthorize Ex-Im Bank Called a “Missed Opportunity”
Congress is being scolded for passing on an opportunity to “support thousands of American jobs at firms across the nation… Read More
Chinese Banks Low On Gold Reserves. Maybe.
In a world where money flows more freely over borders—both real and virtual—than in any time in human history, it’s… Read More
Citigroup Continues Divesting Consumer Banking Business
New York, NY – Citigroup Inc. has said it will further “streamline its international operations” by divesting itself of its… Read More
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