James Reynolds will become chief executive of specialist credit and political risk insurance broker BPL next year when the ...

The World Bank has appointed Mizuho banker Tsutomu Yamamoto as managing director of the Multilateral Investment Guarantee ...

The SBTi has released its first net-zero standard for financial institutions, calling for an end to financing fossil fuel expansion.

When oil-rich South Sudan achieved independence in 2011, it entered the club of nations with a clean financial slate and no government debt. But in the intervening years, many of them marred by a ...

HSBC can continue gaining market share in trade finance despite uncertainty created by US tariffs, chief executive Georges Elhedery has said, as the bank reported a bump in trade revenue in the first ...

A group of trade finance veterans has launched ETR Digital, a technology company offering digital negotiable instruments (DNIs) to businesses and banks for trade. The company says in a release that it ...

HSBC has called time on Serai, its wholly owned subsidiary that operated as an online B2B platform for SME trade, after the venture failed to make money. Originally launched in 2019 as part of the ...

Trafigura has raised US$3.2bn in term loans and a revolving credit facility (RCF) from 38 banks across Asia and the Middle East, upsized from the equivalent facility secured last year. The global ...

The six largest banks in the US have exited the UN-backed Net Zero Banking Alliance (NZBA) following years of speculation about their departure. Climate groups suggest the timing of their withdrawal ...

Singapore has been rocked by the sudden downfall of two major oil traders. The collapses of Hin Leong and ZenRock – and serious allegations of fraud – have left banks on edge, despite efforts by ...

Two Hong Kong-based oil traders say banks have reacted to the fraud scandal in Singapore’s commodities finance sector by restricting credit to the wider market, resulting in substantial financial ...