Browsing: trade finance


BAFT — ABA’s global transaction banking subsidiary — yesterday recognized the 32 members of its Future Leaders program class of 2019. This year’s class includes bankers from 14 different countries, representing a wide variety of disciplines within the transaction banking industry.


BAFT, ABA’s global transaction banking subsidiary, today released templates for fraud indemnity agreements that member banks can use in attempting to recover funds fraudulently transferred from a customer’s bank to a different bank.


The Senate Banking Committee today voted to advance the nominations of Kathy Kraninger as director of the Consumer Financial Protection Bureau and Kimberly Reed as president of the U.S. Export-Import Bank.

Banks and the Economy

President Trump is “very close” to nominating a Federal Reserve vice chairman for supervision and another governor to fill a designated seat for an individual with community bank expertise, according to Treasury Secretary Steven Mnuchin, who was interviewed with Trump by the Wall Street Journal.

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