Breaking with the bank

Article Abstract:

Large companies like Philips and Shell have set up in-house banks to increase working capital and reduce banking costs. While it is yet to be seen if it would be able to generate benefits consistently in the long run, many firms have taken up the new move.

Forecasts, trends, outlooks, Financial Services, Finance and Insurance, DEPOSITORY INSTITUTIONS, Financial services industry, Forecasts and trends, Market trend/market analysis

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Firms fail to follow the money

Article Abstract:

According to John Gibbons of ABN Amro, many companies and firms in Europe and United States have their monies blocked in their payable and receivable accounts. Consequently, they are mismanaging their working capital.

Netherlands, Management dynamics, Executive changes & profiles, Venture Analysis, Management, Officials and employees, Beliefs, opinions and attitudes, Business enterprises, Company business management, ABN AMRO Bank N.V. (Amsterdam, Netherlands), Working capital, Gibbons, John

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Facing the CLS liquidity challenge

Article Abstract:

CLS Bank debuted its foreign exchange transaction service in September 2002. Since then, this service has grown in popularity and is helping companies better manage intraday liquidity.

United Kingdom, Foreign exchange market, CLS UK Intermediate Holdings Ltd.

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