treasurers-still-wary-of-financial-system

Treasurers still wary of financial system

BNY Mellon's treasury services chief executive, Eric Kamback, says treasurers still lack confidence in the interest rate environment and the equity markets.

Business confidence is a hard nut to crack, one day it's there and the next it's gone. Since confidence in the global financial system went out the window a year ago, banks have been slowly trying to rebuild their reputation with clients -- both of the consumer and corporate variety.

One man in charge of maintaining and retaining many of those corporate relationships is Eric Kamback, chief executive of treasury services at Bank of New York Mellon. After undoubtedly hundreds of conversations with corporate treasurers, he is sure of two things -- that BNY Mellon has benefitted from the economic malaise over the past year and that the tough times are not over.

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