Our archives on BofA
Are global banks dead or just refocusing on home markets?
Date: Nov 12, 2012 | Author: Baron LaudermilkJuultje 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.
Is Asia ready to participate in P2P lending and payments?
Date: Nov 08, 2012 | Author: Durva LakhlaniAlthough P2P transactions are gaining traction in the UK and US, Asian P2P businesses are still in a nascent stage.
Asian bankers express optimistic, albeit cautious hopes for transaction banking business
Date: Oct 16, 2012 | Author: Foo Boon PingA combination of commitment, investment in technology and infrastructure, as well as physical presence, is required to succeed in transaction banking.
US banks must heighten defences against cyber threats
Date: Sep 27, 2012 | Author: Magessan RajFS-ISAC raises cyber threat level as BofA, JPMorgan, and Wells Fargo experience recent network disruption linked to cyber-attack claims in the US.
China keeps close watch on Rmb to counter capital outflow
Date: Jun 20, 2012 | Author: Baron LaudermilkWith 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.
Can the renminbi become Asia’s settlement currency?
Date: Jun 23, 2011 | Author: Peter HoflichDiscussion 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.
Making the off-shore renminbi work for your institution
Date: Jun 21, 2011 | Author: Timothy ShimTeleconsultation 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.