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Commodity traders face rising finance costs as big banks pull out

Banks are retrenching after the coronavirus crisis led to defaults by some trading houses, intermediaries in the global movement of oil, metals and agricultural goods which link producers and end-users, and also exposed a series of frauds.

Egypt: a historic compromise over an attempt at democratic insurrection - Mouvement Communiste and Kolektivně proti kapitálu

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Beyond the Fed: "Shadow Banking" and the Global Market for Dollars

ANALYSIS: Jack Ma's Ant Group was the next big thing. Now it may become just a boring bank

endIndex: (CNN) Jack Ma s Ant Group quickly became one of China s most powerful companies, and its plans for bridging the worlds of tech and finance were growing ever more ambitious by the day. Now it appears to be turning into the kind of highly regulated Chinese bank that it hoped to supplant. Months after the company s blockbuster initial public offering was shelved at the last minute a move that appears to have been sparked by Ma s criticism of Chinese regulators several media outlets have reported that Ant has agreed with authorities to become a financial holding company. Ant declined to comment on those reports earlier this month, and the details of any potential agreement were not immediately clear. The company did not respond this week to additional questions about any deal with authorities.