Japan’s Sumitomo 'in talks to buy ABN Amro’s commodity loans' ;Hin Leong Trading to be wound up; Whistleblowers sparked probe at trade finance fund Barak

Share:

Listens: 0

TXF Daily Podcast

Miscellaneous


In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market: Japan's Sumitomo Mitsui Financial Group is in talks to buy a portfolio of commodity loans from ABN Amro NV as the Dutch lender exits the industry Singapore's High Court has given the green light for the winding up of Hin Leong Trading, marking the end of the road for the collapsed oil trading giant after nearly a year of restructuring Barak Fund Management as the firm seeks approval to restructure a $1 billion trade finance fund that’s left investors stuck with hard-to-sell assets Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.