On a bipartisan vote today, the Senate confirmed several appointees to the U.S. Export-Import Bank.
Browsing: Trade finance
To help the international trade finance industry in its transition from paper-based transaction processes to distributed ledger technology, BAFT—ABA’s global transaction banking subsidiary—today released technical and business best practices for a digital ledger payment commitment.
The requirements of the Bank Secrecy Act pose a significant challenge for his bank due in part to the interconnected nature of the border region economy.
Housing finance and data security will be top items on the Senate Banking Committee’s agenda in this Congress, committee Chairman Mike Crapo (R-Idaho) told attendees at ABA’s Washington Summit today.
Amid turbulent times for trade, community and midsize banks are helping fuel America’s export economy.
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.
Testifying before the Senate Banking Committee today, Kimberly Reed — the Trump administration’s nominee to serve as president of the U.S. Export-Import Bank — said she would take “responsible steps to get Ex-Im operational so America can compete on a more level playing field.”
Aside from the recent bitcoin mania that is seeing a wave of “initial coin offerings” and goosing the stock value of companies that announce virtual currency plays, the underlying technology — known as blockchain, or distributed ledger technology — has attracted significant interest from financial institutions and investors.