Cash Management

Will RMB soon beat USD as the main currency for cross border trade?

Will RMB soon beat USD as the main currency for cross border trade?

The internationalisation of RMB is providing banks with opportunities to enhance their cash management structures in the face of a USD liquidity...

Why the war on cash is doomed to fail

Every time a new way of paying for something has arrived – credit and debit cards, internet payments, contactless cards, mobile phone payments – the...

Integration of cash and trade key for greater efficiency in Asian banks

As clients look for enhanced services, banks will have to strive for better cash and trade product sets - find out what HSBC’s John Laurens, Citi’s...

State Bank of India posts profit but plagued by costly NPAs

Government-owned State Bank of India reported a welcome 15% rise in new profit during the quarter up to December 2011. But this was the only bit of...

ICBC rolls out bill poll service for corporate customers

ICBC launch of bill pool service nationwide specially for corporate clients who demand for cash management service.

Don’t waste money on FATCA

The FATCA (Foreign Account Tax Compliance Act) legislation was enacted into US law on 18 March 2010 as part of the HIRE Act (Hiring Incentives to...

Got your bonus and looking for your next step? Revisit these top tips for career success

As the banking industry moves through bonus season, more and more professionals are expected to test their worth on the job market and seek their...

Will cash survive beyond the 21st century?

Whenever I read about the apparently imminent arrival of the cashless society, I smile quietly to myself, knowing that the global facts tell a...

HSBC custodian unit appoints Aaron Ng as Asian senior product manager

Former NAB banker will be tasked to develop market and product strategy for the region.

Liquidity risk management for Chinese banks to be enhanced

China's banking regulator has begun soliciting public opinions on a new draft in a bid to improve banks' liquidity risk management and safeguard the...

What you need to know about Lombard Odier’s new hires in AsiaPac

Lombard Odier has expanded its institutional sales team with the appointment of three new members in Asia-Pacific.

Nikko Asset Management acquires DBSAM Singapore for SGD 137m

DBS has in turn acquired a 7.25% interest of the enlarged Nikko AM.

ICBC cash canagement customers exceed 600,000

ICBC secured more than 600,000 cash management customers by end of June,  an increase of nearly 20% over the end of previous year. This allows ICBC...

ICBC personal pension accounts exceed 9.5 million

ICBC secured its leading market position by having 9,520,000 personal pension accounts under management, RMB 43.5 billion of pension fund under trust...

GRG launches innovative cash management solution

GRG’s AutoDepot P2801L is an intelligent cash deposit machine that can automate transactions  by counting, identifying, sorting and saving...

Australians in looming debt spiral

NAB study shows 2.6mn Australians would have difficulty raising $3000 in an emergency while many lack access to basic banking services.