Greensill files cross-claim against insurers over disputed Liberty Commodities trades
29-03-23 / by John Basquill
Greensill has filed a cross-claim in Australia seeking payment for insurance claims totalling US$146mn, part...Author's Archive
John joined GTR in 2020 as a senior reporter. He covers all areas of trade and trade finance, particularly commodities and supply chain. He also focuses on trade-related financial crime, including money laundering, sanctions evasion and fraud. He has previously been a reporter and editor at speciali ...
John Basquill | Senior Reporter
Letter of credit payments permitted despite Russia sanctions, UK court rules
29-03-23 / by John Basquill
A London court has ruled that UniCredit should have made payments due under letters of...
Commodity traders bullish despite Credit Suisse contagion risks
22-03-23 / by John Basquill
Large traders are confident the historic downfall of Credit Suisse will not result in a...
Bank financing robust despite nickel fraud concerns, Trafigura says
21-03-23 / by John Basquill
Trafigura says there has not been any structural change in banks’ appetites for financing nickel...
Ukraine grain deal faces fresh uncertainty as Russia struggles with agri exports
15-03-23 / by John Basquill
The potential renewal of the Black Sea Grain Initiative is again facing doubt and confusion,...
Global banks to collaborate on fighting “pervasive” trade finance fraud
15-03-23 / by John Basquill
The International Trade and Forfaiting Association (ITFA) will lead efforts to cut out double financing...
Lenders turned down TMT Metals in 2021, rates ‘made no commercial sense’
08-03-23 / by John Basquill
TMT Metals, one of the traders Trafigura has accused of participating in a “systematic” fraud...
“Banks are back”: financiers grow market share in record year for commodities
08-03-23 / by John Basquill
Financial institutions are being tempted back to the commodities market after a long period of...
Key commodities trade exceeds WTO forecasts despite war in Ukraine
01-03-23 / by John Basquill
Trade in key commodities remained “remarkably resilient” during 2022 despite the fallout of Russia’s invasion...
Regulator blasts Credit Suisse over investment in Greensill future receivables
28-02-23 / by John Basquill
Credit Suisse failed to recognise the growing risks associated with Greensill’s financing of future receivables,...