FX Focus - The magic world of cash management
Costly currency accounts could be a thing of the past for corporates
Product announcements are ten-a-penny from banks these days. The latest whizz-bang gizmo will be launched with much fanfare, tagged with a dynamic-sounding name and accompanied by words such as ‘solution' and ‘synergy'.
It is rare, however, that when a bank talks to clients about their most recent innovation it is met with flat-out disbelief. This was the experience of Matt Richardson, head of FX payments in JP Morgan's treasury and security services division in London, when he began to expound
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