Redbridge Uncovers Excessive Forex Fees Banks Charge Corporate Clients
Redbridge extends its analysis of bank fees into additional cash management services that now includes forex transactions.
Redbridge extends its analysis of bank fees into additional cash management services that now includes forex transactions.
Finance teams must stay alert to shifting trade policies, tariff uncertainties, and supply chain disruptions, as these changes can impact corporate debt strategy. A new administration often brings challenges and opportunities, such as rising costs, operational risks, and increased M&A activity. Treasurers and CFO’s need to stay ahead of the curve.
With the Federal Reserve cutting interest rates recently, you have probably noticed the effect on your company’s interest earnings from cash balances. With another possible rate cut coming this month, it’s important to be prepared.
Payroll processors need a strong banking relationship to contribute to their overall financial health and success. Banking visibility plays a key role in maintaining not only the cash flow on-hand, but understanding the dynamics of various services that contribute to the day-to-day efficiency of the underlying Treasury Department roles.
Since early 2023, the banking industry has faced considerable turbulence, with high-profile failures and acquisitions that have reshaped corporate financial strategies. While the immediate crisis has stabilized, the collapse of Republic First Bank and the acquisition of Independent Bank highlight ongoing risks that demand continued vigilance from businesses across the spectrum.
A growing number of businesses are transitioning from traditional Lockbox payments to Automated Clearing House (ACH) payments to streamline their payment operations. This strategic shift not only optimizes transaction speed and accuracy but also significantly enhances overall financial management. At Redbridge, we’ve helped many companies make the switch and have identified the best ways to streamline the process.
Facing fluctuating interest rates, businesses today confront the dual challenge of planning for periods of both hikes and declines. Federal Reserve rate increases to combat inflation as well as current market predictions of potential decreases create economic unpredictability for businesses like yours.