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Correspondent Banking Declines Amid Regulatory Pressures, Says IMF

September 11, 2017
A new report from the International Finance Corporation, a part of the World Bank Group, finds correspondent banking relationships are down, an unintended consequence of regulatory reform. Reports in The Financial on Friday (Sept. 8) said 27 percent of global banks surveyed have reported a drop in the number of correspondent banking relationships. The decline has […]