Strategic Options With Banks the Research Paper

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Another bank that provides similar cash management services that the Acme Company could use is represented by HSBC. Its services are differently organized than in the case of Bank of America. Regarding international services, HSBC focuses on checking, borrowing, savings, insurance, cards, and other services (HSBC, 2011). Corporate banking services that are provided by HSBC focus on collections management, financing, foreign exchange, global markets, Internet banking, payments and cash management, trade services, and others.

In addition to this, HSBC provides services regarding trade and supply chain that can be used by the Acme Company in order to increase the efficiency of its supply chain management in South America and Asia. HSBC also provides several services that multinational companies can address in order to manage their business accounts. The bank also focuses on developing foreign exchange solutions.

Citibank is another bank that provides different business banking services. The company's products and services refer to cash management, trade finance, loans, and international services.

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The most important products developed by Citibank are represented by investments, trade services online, small business administration, foreign exchange, and the international sector. It seems that Citibank is not able to provide products and services that the Acme Company can use in order to improve its cash management and to increase the efficiency of its supply chain. The analysis of the products and services of the banks described above recommend HSBC as the best solution that can be applied by the Acme Company. This is because HSBC provides services developed in order to satisfy the needs of companies that intend to expand their business.

Reference list:

1. Foreign Exchange (2011). Bank of America. Retrieved August 10, 2011 from http://corp.bankofamerica.com/public/public.portal?_pd_page_label=products/fx/default&icamefrom=cihome.

2. Business and Corporate (2011). HSBC. Retrieved August 10, 2011 from http://www.hsbc.com/1/2/business-and-commercial......

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