Global News

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State Street sells to HSBC

HSBC is to buy selected portfolios from the trade finance business of State Street Corporation’s Global Trade Banking Division for US$7.8mn in cash. The …

Global / 26-11-02 / by

TradeCard catches fire!

TradeCard, a financial supply chain service provider, has announced that SenTech Inc, an aggregator of business services for the electronic security, fire and life …

Global / 26-11-02 / by

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S&P rates Bahrain bond issue

Standard & Poor’s Ratings Services has assigned its ‘A-‘ foreign currency senior unsecured debt rating to the Kingdom of Bahrain’s proposed fourth issue of …

Global / 26-11-02 / by

ING passes the test

Standard & Poor’s Ratings Services has affirmed its ratings on ING Bank NV and related entities, including its ‘AA-‘ long-term and ‘A-1+’ short-term counterparty …

Global / 26-11-02 / by

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New twist to LC fraud

Only four months after warning borrowers and investors to steer clear of international financial deals citing a non-existent

Global / 08-11-02 / by