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February
Deutsche Bank reports 7% growth in net revenues for global transaction banking for 2011, despite a slight increase in trade credit losses.
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The IFC is due to sign its second supply chain financing (SCF) deal under its newly established SCF programme with third party SCF platform provider PrimeRevenue.
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Speaking at Trade Finance Magazine’s Supply Chain Finance Europe conference in Frankfurt, Klaus-Peter Müller warns of the impact the EBA capital buffer will have on trade and supply chain finance.
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Misys signs software licensing deal to help banks optimise business processes.
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High-technology group Safran has selected GlobalTrade Corporation’s multi-bank trade finance platform for monitoring trade credits.
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January
The latest trade traffic statistics from SWIFT reveal there has been a 2.23% decline in the use of documentary trade instruments during 2011.
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Fundtech has partnered with Australian payment services firm Dataline to offer electronic invoice presentment and payment (EIPP) in Asia-Pacific.
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Oliver Belin has been appointed as business development executive for PrimeRevenue Europe.
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JP Morgan has hired a new managing director for its Treasury Services business covering export and supply chain finance across the Americas.
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Barclays appoints new head of trade and working capital, Middle East.
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Jordan’s Investbank has established its second subsidiary – Al Imdad, ?specialising in trade finance and supply chain logistics for traders and manufacturers.?
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PrimeRevenue has announced record growth for 2011 and introduced its new OpenSci™ cloud-based supply chain finance interchange.
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A joint survey by the ICC and the IMF says the lack of availability of trade finance, especially from deleveraging banks, will lead to depressed trade volumes for 2012.
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BBVA has relocated its transactional trade finance head to New York to maximize its cross border business and Latin American and USA networks.
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Deutsche Bank appoints UK trade finance director.
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RBS is merging its corporate banking business with its global transaction services (GTS) arm to form a new international banking unit.
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Livingston International is to acquire the customs and trade compliance services of JPMorgan Chase.
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Misys opens centre of excellence in Beijing in response to significant growth in Chinese business.
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HSBC North America has today appointed a new head of commercial banking for the region based in New York.
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Arab Banking Corporation has announced changes to the top management team at its key European subsidiary, ABC International Bank London.
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Société Générale Corporate and Investment Bank (SG CIB) reveals fresh job cuts in France in addition to planned job losses in Asia and the US.
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RBS to merge a reduced investment bank with its corporate and global transaction services business.
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SMBC has appointed a new group head in Seoul and a new head of trade in Dubai.
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By Chris Conn, Sr. Business Manager, Banking & Corporate Initiatives – Americas, SWIFT