All at once, it seems, corporate treasury departments are embracing the distributed-ledger technology to manage FX more efficiently, among other reasons.
Managing foreign exchange risk is crucial for a young technology firm with little excess cash.
U.S. authorities say traders for three banks used the "Cartel' online chatroom to manipulate the price of U.S. dollars and euros.
The SEC says the bank made "substantial revenues" by misleading clients about the pricing of foreign exchange trades.
"Corporates are seeing more significant sustained negative impacts than at the height of the euro crisis," FiREapps says.
CFO offers the following stories on foreign currency risks, hidden costs of international payments, foreign market fixed rates, and multinational margins.
Volatility will no longer be the "new normal" but just the norm; it will be the "year of the yuan"; and FP&A teams will be pressed for insights.
Plea agreements resolve U.S. allegations that the banks manipulated foreign currency exchange and interest rates.
Operating margins for U.S. companies with subsidiaries in Europe or Japan are getting whacked by foreign exchange this year.
Ingredion's Jack Fortnum juggles customer contract models, pricing strategies, currency instability, and working capital controls.
The software giant does hedge its foreign cash flows, but the euro's drop could still give 2015 sales and earnings a double-digit percentage boost.
The custody bank agrees to pay $714 million for overcharging pension funds and other customers on foreign exchange trades.
