Global Trade for the Few, Global Trade for All

[kreslik.news]

This guest article was written by William Laraque who is the Managing Director of US-International Trade Services. 

Global banks

Banco Intesa Sanpaolo’s innovative use of Bolero to conduct a large commodity trade is representative of the great disconnect that exists in global trade today.

On the one hand global banks are increasingly withdrawing from the ‘classical’ international trade markets. Barclays’ retreat from African markets is symptomatic of this trend. HSBC, which had branches in 89 countries when I worked there at the turn of the 21st century, has pulled in its global deployment tentacles as another example of the ... (read more)