Articles tagged with:
banking

  • Pennies

    Bizarre Coinage Act – don’t be caught out

    The penny dropped too late for a disgruntled customer after he broke the law paying his accountant £804 worth in copper coins.

  • Bankers win £42m bonus claim – phew!

    We can all breathe a deep sigh of relief. More than 100 Commerzbank bankers have won their claim to £42m in unpaid bonuses in the High Court, London. The bonuses were written into contracts the bankers signed with Dresdner Kleinwort, which was subsequently taken over by Commerzbank, in August 2008. Many of the claimants are expected to pocket six-figure sums, and at least five will come away with pay packets in excess of £1m.

  • The pain in Spain

    The storm clouds are gathering in the Eurozone again. This time Spain finds itself having to batten down the hatches. Its problems lie as much with the prospect of sluggish economic growth as they do with the onerous levels of national and private debt with which the country is laden. The markets worry that domestic demand is weak and the austerity measures introduced by the government have done little to lift the mood among consumers.

  • A new ‘expressway’ for renminbi liberalisation?

    Chinese monetary authorities announced plans this week for the creation of a new cross-border payment system, in a move that promises to further liberalise the Asian Tiger’s burgeoning currency.

  • DCM: open for business

    This year promises to be a bumper one for corporate debt issuance as companies look for alternatives to bank financing.

  • Renovating reconciliation: steps from STP to STR

    Optimising treasury and shared service centre (SSC) processes is proving a constant battle for corporates. Can straight through reconciliation (STR) help the treasurer move beyond straight through processing (STP) to reach another level of efficiencies and improve working capital?

  • Don’t bank on risky women

    The German central bank is quite fond of blaming feckless Greeks and lazy Italians for the Eurozone crisis. This week, however, the Bundesbank set its sights on another foe.

  • Is RMB appreciation coming to an end?

    Murmurings by Chinese officials suggest that the appreciation of the national currency may be about to grind to a halt.

  • Treasury management ten years on: same old, same old

    Ten years is a long time in treasury. What have been the major breakthroughs in the last decade? Try and think back to 2002. Companies were still recovering from the dot-com bubble; euro notes and coins had just been introduced; and acronyms such as CDS and CDO had yet to enter the lexicon of every treasury team, let alone the man on the street.

  • Staffing cuts in US city see cheques worth $334,000 go undeposited

    A civil servant at the Department of Inspection and Standards in the indebted city of Providence, Rhode Island has unearthed a cache of un-cashed cheques.  They range in value from $5 to $114,000