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Trade Finance Awaits A Boost From FinTech

PYMNTS

“While there is a common perception that a weaker pound benefits exporters, our findings challenge this binary narrative,” said BFS managing director for foreign exchange, Michael McGowan. ” Even as banks (at least, in the U.S.) There is reason to be optimistic, however. ”

Finance 50
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Transcript: Kenneth Tropin

Barry Ritholtz

RITHOLTZ: And those were Treasuries. That’s the foreign exchange markets, and to some extent, commodities. TROPIN: I mean, you know, there were equity hedge funds that were pretty levered, that had pretty highly concentrated, you know, growth bets, and a lot of technology companies and so on. TROPIN: Right.

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Transcript: Bill Dudley, NY Fed Chief

Barry Ritholtz

So, for example, the treasury was thinking about moving to direct deposit, but they wanted to know how much it was gonna cost them because direct deposit, they, they, they, they, the money clears, you know, sorry, almost instantly, right? So they wanna know how many days does it take a, a treasury check to get back to us.