P&L Report Card: A good indication of how much longer the development cycle is can be found in our assertion last year that in terms of institutions to watch in 2016-17, it could be a vintage year. It wasn’t. The impact of regulatory compliance dominated the scene to such an extent that few, if any, banks made a serious move forward over the past 12 months. Being the eternal optimists that we are, however, we feel that this time next year could be very different, not least because we have been given a few insights into plans for 2017-18 and some of them are quite exciting.
Tag: Bank of America Merrill Lynch
Bank of America Merrill Lynch
Earthport, which provides a payment network for cross-border payments, says that it is expanding service with Bank of America Merrill Lynch (BAML).
The firm says that the service will add numerous new countries and currencies to the bank’s online and file based banking portal, CashPro, further expanding the bank’s international Automated Clearing House (ACH) payment capabilities.
As a result of this deal, BAML clients will be able to access cross currency payments in more than 60 countries and nearly 25 currencies, expanding upon the relationship between Earthport and BAML that was first announced in 2013.
Rob Maher has joined Bank of America Merrill Lynch (Baml) as managing director, head of electronic trading sales for the Americas. Based in New York, this will be Maher’s first role since leaving his position as managing director, global head of electronic markets, at Nomura in February. Prior to joining Nomura in March 2014, Maher […]
Although the clamour for transaction cost analysis (TCA) tools is growing amongst buy side firms, they face numerous challenges if they are going to use them effectively, said panelists at Profit & Loss’ Forex Network New York conference. “Best execution has never been more in focus, and there are two main reasons for this,” said […]