FX Focus - Editor's Letter
Cash management innovation could save corporates millions
Times are hard and budgets are stretched at the world's biggest banks, so for a cash management project demanding millions of dollars in investment and board approval to even get off the ground is a fairly significant achievement. It is also testament to the growing importance of banks' bread-and-butter businesses, as profits from the sexier trading desks decline.
The project in question, as we see in The magic world of cash management, is the merging of treasury and FX desk services to make it
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