In recent years, US-regulated banks have significantly reduced the level of dollar correspondent
banking services they provide to other banks globally, due to stricter rules intended to prevent money laundering and the financing of terrorist activities.
Gateway Mortgage Group, a privately held mortgage company offering originations, servicing and correspondent
lending, has said that it has named Pete Tamoney as a new regional sales manager.
Probably going as far back as the 1940s, the correspondent
lending model of originating mortgages has been a business built upon the principles of mutual confidence and dependence.
bank to close the account of a local financial institution, Jebeyli said, warning that the decision of one correspondent
bank could prompt a domino effect.
banking relationships play an important role in the processing of payment transactions in euro.
Al-Khartoum Al-Jadid correspondent
Abdulla Al-Taher and Al-Masri correspondent
Karim Hamed have also been chosen as stand-by members.
While strongly condemning the behavior of some Spanish media correspondents
accredited in the country, the Ministry noted that among the breaches committed in this regard is the attitude that continues to be adopted by the correspondent
of ABC in Morocco, which is devoid of professionalism," the Ministry said in a statement on Friday.
The book is, on one level, an intensely personal coming-of-age story, tracing Goldberg's progress from secular Jewish student in New York to Israeli soldier to war correspondent
Wachovia Corp and UnionBanCal Corporation announced that they have entered into an agreement under which Wachovia will acquire the international correspondent
banking business of Union Bank of California, N.
The foreign correspondent
, Bernard Cohen observed in his 1960's classic book "The Press and Foreign Policy," is "a cosmopolitan among cosmopolitans, a man in gray flannel who ranks very high in the hierarchy of reporters.
Decades ago, Herbert Matthews, the Times correspondent
who used his post to promote Fidel Castro's rise to power, once boasted that the paper is "the most powerful journalistic instrument that has ever been forged in the free world.