Amid escalating political tensions between Hong Kong and China, the Financial Times reported Thursday (Aug. 15) that Hong Kong authorities have reportedly opened an investigation into Chinese banks operating in the city. According to the publication, Hong Kong has commenced multiple probes into Chinese conglomerates’...
Most businesses would expect the banking industry to be more technologically advanced than the parcel shipping business, but that was not the case for a long time. Now, however, it could be changing. Frictionless payments firm nanopay maintains a payment platform facilitating business-to-business (B2B) payment solutions and...
A recent surge in U.S. protectionism has global trade in jeopardy. Analysis published Monday (May 22) from ratings agency Fitch concluded that the potential for a spike in trade protectionism is a significant risk to the global economy. “A hypothetical trade war would lead to...
As the European Union looks to streamline and clarify the rules regarding how to impose losses on bank creditors on failing banks and ensure creditors are appropriately burdened by those bank failures, some policymakers are urging the EU to look inward for a working model....
