International services: what banks can offer
Article Abstract:
International treasury consultants can help US multinational firms to apply cash management principles to their foreign operations. Examples of the kinds of projects that treasury consultants or consulting groups undertake are: in-country reviews of single units, regional or country-level reviews of several units, global reviews, and special purpose reviews that address topics such as foreign exchange exposure management, import-export management, and banking structure. Factors such as travel costs, reduced level of automation in foreign banks, and less accessible information contribute to higher price tags for international than domestic consulting. Providers and users tend to agree that a significant, rapid payback can be expected to compensate for the initial commitment of time and resources for a comprehensive project.
Publication Name: Cashflow Magazine
Subject: Business
ISSN: 0196-6227
Year: 1987
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Moratorium delays banks' expansion of securities powers
Article Abstract:
Banks may eventually be given the authority to conduct real estate, insurance, and securities transactions. The Competitive Equality Banking Act of 1987 has imposed a moratorium on bank expansion into non-bank activities until Mar 1988, however. The purpose of the moratorium is to give Congress time to review the amount of freedom that commercial banks should be given. Even legislators who oppose allowing banks into the securities business agree that the Glass-Steagall Act of of 1933 is no longer adequate for regulating banks.
Publication Name: Cashflow Magazine
Subject: Business
ISSN: 0196-6227
Year: 1987
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