A Hong Kong governmental advisory body has set out a strategy to establish the city as a commodity trading and financial services hub, including by better connecting mainland China and international ...

Mizuho has hired Saad Latif as head of trade finance for the Middle East and Africa, bolstering the team further after the ...

Crédit Agricole CIB has announced that Thibaut Jean has taken up the role of global head of export credit agency (ECA) and ...

Lawyer Jennifer Greengrass has joined the London office of Norwegian law firm Wikborg Rein as a legal director. The shipping, ...

BNP Paribas has said a €190mn fraud charge linked to receivables financing in its global markets division is linked to “new entries” with “low collateralisation”. The Paris-headquartered lender made a ...

Working capital provider Katsumi Global says it is owed more than US$1.7bn following First Brands’ bankruptcy, court documents show, as creditors seek to locate billions of dollars they say have ...

Point Bonita Capital, a fund belonging to investment bank Jefferies’ trade finance arm, has US$715mn in exposure to receivables of collapsed US auto parts supplier First Brands. The exposure ...

An independent investigation into First Brands Group’s bankruptcy is probing whether receivables may have been financed multiple times, after the company accrued US$2.3bn in factoring liabilities. US ...

The global shortfall in supply of trade finance has remained steady at US$2.5tn, according to the latest edition of a closely watched benchmark survey. The value of the trade finance gap is estimated ...

A strong local economy, expanding trade flows and an influx of commodity merchants are fuelling growth in the UAE’s trade finance market. Most local banks are seeing steady increases in lending and ...

SMBC is stepping up its focus on transaction banking products as it seeks to become a “one-stop solution” for trade clients and shrink low-profit assets. The Japanese lender believes that ancillary ...

Global commodities trader Trafigura has struck a US$200mn facility agreement with the Korea Trade Insurance Corporation (K-Sure), which the agency hopes will boost South Korea’s shipping industry.