Tag: bank of america merrill lynch

Currency volatility is a now a part of the Indian firmament, requiring skillful risk management policies. However, one unexpected consequence is a rise in shared treasury services.

Handling multiple foreign currencies has always been a headache for treasurers, but multicurrency netting is just one of the solutions that is being finessed by service providers.

Alibaba’s financial affiliate pays $880 million to acquire MoneyGram, highlighting its ambition to broaden its service offerings in the face of stiff domestic competition.

BAML’s Asia-Pacific head of transaction banking, Ivo Distelbrink, has parted ways with the US bank, CT has learnt. A successor has also been announced.

CT conducted a test to find out which banks called US dollar movement over six months accurately. The results were interesting.

CT conducted a test to find out which banks called US dollar movement over six months accurately. The results were interesting.

The latest hire at ANZ will be working with Carole Berndt, managing director of global transaction banking, for the third time after stints at Bank of America Merrill Lynch and Citi.

With the Royal Bank of Scotland out of the market for treasurers in Asia-Pacific, East & Partners Asia and CT reveal Asia’s best service providers for both cash management and trade finance in 2014.

Major regional banks, such as ANZ and Maybank, as well as globals, have told CT that bank payment obligation (BPO) deals are set to go public in 2014.

While corporates are not able to directly participate in China’s new negotiable certificates of deposit market, China regulatory experts contend the new market should raise renminbi deposit rates.

India's 200-basis-points commercial rates hike last month forced cash-strapped companies to start borrowing at shorter tenors. Those lucky enough to be cash-rich are being offered juicy deposit rates as banks plug their own funding gaps.

Bank of America Merrill Lynch (BoAML) has promoted Nirmal Khaderia to head its Asia-Pacific corporate sales of the global transaction services, a newly-created position.