Banking in Brief
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Our archives on BofA
Are global banks dead or just refocusing on home markets?
Date: Nov 12, 2012Juultje van der Wijk, global head of trade finance services at ING Group, feels that banks will focus on their home markets and areas where they have a strong foothold.
Author: Baron Laudermilk
Categories: Islamic Banking, Retail Banking, SME Banking, Trade Finance, Transaction Banking, Wealth Management
Keywords: ING Group, Juultje van der Wijk, HSBC, Bank of Beijing, Hiromasa Nagamine, SMBC, Vagner Vichiesi, Banco Do Brazil, Albert Yu, BMO, BofA
Is Asia ready to participate in P2P lending and payments?
Date: Nov 08, 2012Although P2P transactions are gaining traction in the UK and US, Asian P2P businesses are still in a nascent stage.
Author: Durva Lakhlani
Categories: Innovation, Payments, Retail Banking, Technology & Operations
Keywords: P2P Lending, Lending Club, Zopa, Prosper, Funding Circle, Paypal, Visa, SEC, Peer to Peer Finance Association, P2P Payments, JPMorgan, Wells Fargo, BofA, clearXchange, Popmoney, Citigroup
Asian bankers express optimistic, albeit cautious hopes for transaction banking business
Date: Oct 16, 2012A combination of commitment, investment in technology and infrastructure, as well as physical presence, is required to succeed in transaction banking.
Author: Foo Boon Ping
Categories: Cash, Treasury & Trade, China, Rmb, Trade Finance, Transaction Banking
Keywords: ING, Juultje van der Wijk, Standard Chartered Bank, Ashutosh Kumar, ADB, Donghyun Park, BofA, Ivo Distelbrink, Wee Ee Cheong, UOB, Nancy So, Deutsche Bank, ICBC, DBS Bank, OCBC
US banks must heighten defences against cyber threats
Date: Sep 27, 2012FS-ISAC raises cyber threat level as BofA, JPMorgan, and Wells Fargo experience recent network disruption linked to cyber-attack claims in the US.
Author: Magessan Raj
Categories: Data & Analytics, Operational Risk & Security, Risk & Performance, Technology & Operations
Keywords: Wells Fargo, BofA, JPMorgan, CrowdStrike, Dmitri Alperovitch, NYSE, Joseph Lieberman, FS-ISAC, DDoS
China keeps close watch on Rmb to counter capital outflow
Date: Jun 20, 2012With as much as $34 billion leaving China in Q3 of 2011 and up to 60% of HNWIs considering leaving, Beijing is taking precautionary measures to control and regulate its currency flow.
Author: Baron Laudermilk
Categories: China, Government Finance, Regulation, Risk and Regulation, Rmb, Capital Markets
Keywords: Lu Ting, BofA, Wang Jiachun, Export-Import Bank of China, China Merchants Bank, CBRC, QDII
Can the renminbi become Asia’s settlement currency?
Date: Jun 23, 2011Discussion about the internationalisation of the renminbi has given rise to dreams about using it to form a regional transaction currency, but there are still more questions than answers about its destiny.
Author: Peter Hoflich
Categories: China, Hong Kong, Rmb, Trade Finance, Transaction Banking
Keywords: People’s Bank of China, BofA, China Merchants Bank
Making the off-shore renminbi work for your institution
Date: Jun 21, 2011Teleconsultation session on cross-border settlement in renminbi shows benefits of the transactions and also reveal issues which have to be resolved before other off-shore centres can be established.
Author: Timothy Shim
Categories: China, Payments, Rmb, Transaction Banking
Keywords: BofA, trade settlement