Detail Over the Sea and Far Away; Remittances   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 403 no. 8785 (May 2012), page S17-S18. Topik: Cross Border Transactions; Remittances; Banking Industry; International Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.71 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Standing just inside the entrance to Wells Fargo's head office in San Francisco is a magnificent antique stagecoach complete with a strongbox and a seat next to the driver for the "shotgun messengers" who worked for the bank. It is a reminder that in the not-too-distant past one of the main jobs of banks was to lock money in boxes and move it around the world under guard. For companies, these days, big global banks provide a virtual version of this, with networks that let them sweep up cash from far-flung outposts every day. For the biggest firms and banks, the money never stops flowing. It follows the rising sun, financing trade and payrolls, and then moves on as night falls to do the same again in another part of the globe. The World Bank reckons that cross-border remittances added up to $483 billion last year. Surprisingly, most big banks have shown little interest in helping these flows along. The Organisation for Economic Co-operation and Development reckons that banks handle just 5-10% of remittances between America and Latin America, one of the world's biggest payment corridors . Although the margins are fat, banks largely avoid this business because the existing interbank transfer systems were built to move money in big lumps rather than by the spoonful. So most banks have offered small-scale cross-border transfers as an afterthought and made them so expensive and inconvenient that they are rarely used. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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