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Lloyds Bank is ramping up its invoice finance operations in the United Kingdom, taking a 20% stake in cash management platform Satago. Based in London, Satago provides a cloud-based software solution that connects to companies’ accounting software and offers automated credit control, risk management and invoice finance. The two have been working together since December, ...
In a new partnership, trade data and analytics provider Coriolis Technologies will incorporate its environmental, social and governance (ESG) scoring system for commercial transactions executed and financed on blockchain platform MineHub. Launched in 2019, the MineHub platform focuses on trade operations and document flows between metals and mining companies. It allows parties involved in selling, buying, delivering ...
Polestar Performance, a Swedish electric car maker, has closed a €350mn uncommitted green trade finance facility with a syndicate of banks, to support the import of electric vehicles (EVs) into Europe and North America. Standard Chartered acted as structuring bank, as well as coming in as mandated lead arranger together with Nordea. ING and Citi ...
Banks and trading companies are increasingly engaging in “self-sanctioning” against Russian entities in the shipping and commodities sector to avoid trouble with regulators and public displeasure, industry experts say. The US has blacklisted Sovcomflot, which owns a fleet of over 100 tankers, and several individual vessels. Sanctions against other companies and banks push the number ...
The US, European Union and UK are seeking to halt imports of Russian oil and gas, with financiers and traders urged to seek out new sourcing markets while upping support for renewables. US President Joe Biden has announced a total ban on oil, liquified natural gas (LNG) and coal imports from Russia, while the European ...