Browsing: Trade finance

Economy

The Engage China coalition — a group of 12 financial trade groups that includes the American Bankers Association and its international finance subsidiary, BAFT — has welcomed the commitment made by Chinese leadership as part of President Trump’s state visit to Asia to open up its financial markets to greater foreign participation.

Economy

The Engage China coalition of 12 financial trade associations, including ABA and BAFT — ABA’s global transaction banking subsidiary — today called on the Trump administration to continue working to create a level playing field and increase market access for financial services firms seeking to do business in China.

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.

Economy

Last week’s bilateral talks with President Donald Trump and Chinese President Xi Jinping saw movement toward financial markets openness sought by the Engage China coalition, including greater market access for U.S. banks and insurers, according to news reports.

Ag Banking

A group of senators and representatives today issued a reconciled version of a long-term highway funding bill that includes a modified but still substantial cut to the dividends paid on the Federal Reserve Bank stock that national banks and other Fed member banks are required to hold.