Payment news, May 11

A new report finds that access to affordable trade finance is still constrained, while BoA Merrill and Google expand online treasury tools.

Trade finance still constrained, finds ICC and Swift

In a new report Rethinking Trade Finance 2010, the International Chamber of Commerce ICC and Swift have found that prospects for a strong and lasting trade recovery are mixed with access to affordable trade finance constrained and trade protectionism remaining a problem. It said banks would also face tougher capital requirements for their trade assets. While the survey found that world trade has fallen 12% since the start of the...

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