Royal Bank of Scotland (RBS) has reached a settlement which sees the bank now able to reuse its trade finance loans processing software after a six-year court battle.
An RBS spokesperson tells GTR: “We are pleased to have reached a binding agreement to settle our litigation with Complex Systems Inc (CSI) and continue RBS's use of CSI's BankTrade software going forward."
Standard Chartered has finalised a three-year US$60mn term loan facility For FBC Bank.
Miga expects to guarantee projects in Zambia to the tune of at least US$40mn in the next three months.
Former DLA Piper Hong Kong-based partner Jolyon Ellwood-Russell has joined Simmons & Simmons.
ING Bank has appointed Crina Nechifor as its new head of structured metals and energy finance in Frankfurt.
Criminals and tax evaders are using trade as a veil for their illicit activities. Finbarr Bermingham reports on the damage that’s being done, and how banks and companies need to clean up their acts.
Exporters in emerging markets are increasingly adopting forfaiting to boost their working capital so that they can export more – and reduce counterparty risks. Liz Salecka reports.
Twitter for the latest updates