(Answered) Bank selection for international business

Finance

The Acme Company is exploring many strategic options. Whichever global business strategy the Acme Company eventually chooses, the firm inevitably will require the services of a bank to help manage its working capital. Many major multinational banks provide a variety of working capital and multinational cash management services.

Some U.S. banks also have international operations. If the company acquired a company in another country, should a local bank in that country with international operations be utilized? Why? A few US banks with international operations are below: Should one of these be utilized and why?

Bank of America

HSBC

Citibank

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