Banks scramble to handle international business boom; Companies going global have increasing demand for financial services with overseas expertise.(Wells Fargo & Co.)(Ferro Corp.)

Crain's Cleveland Business, September, 2005 by TURNER, SHAWN A.

Byline: SHAWN A. TURNER Local banks over the past year have been hustling to meet the international business demands of their customers as more of their clients dive into the global economy. Leading the overseas charge in many cases are manufacturing companies seeking to take advantage of low production costs abroad.

That's good news for cities such as Cleveland which, despite recent tough times in the sector, traditionally have had manufacturing-based economies. In a push to expand east of the Mississippi River, San Francisco-based Wells Fargo & Co. recognized that development and in April opened a regional banking office in downtown Cleveland. The office provides corporate banking services in a region stretching from Chicago to New York and focuses on...

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