#correspondent banking

2 stories

#business #cross-border payments #finance #bank funding costs #cfo #federal reserve #financial plumbing #interest rates #international trade #liquidity #ofac #payment route

OFAC Warning Shows CFOs Sanctions Risk Can Hide in Payment Route
OFAC alert reveals payment routes can become blocked by sanctions even when suppliers appear clean.
Pymnts · 1m
Fed rate hike makes global payments more expensive
The Federal Reserve's quarter-point rate increase raises the cost of maintaining liquidity for cross-border transactions, hitting banks and their corporate customers.
Pymnts · 2m