German prosecutors charged two former board members of Greensill Bank AG for their roles in the 2021 demise of the lender.The men are charged with bankruptcy crimes and false accounting, a spokesman for Bremen prosecutors said in an emailed statement. A member of the unit’s supervisory board was also indicted. The statement didn’t identify any of the accused. The probe in Germany is just one of a number of court claims and investigations sparked by the collapse of Greensill’s trade financing business. The f ...

Supply Chains Realign as China Loses ShareThe tariffs that were imposed have transformed global supply chains. The share of U.S. supplier volume from China, Hong Kong, and Korea has dropped from 90% to 50% over the past decade. This shift began during the first wave of tariffs in 2018 and has continued to accelerate since then.Moreover, Vietnam, Indonesia, Thailand, and India have emerged as the biggest winners. These countries now manage a growing share of U.S.-bound production. According to Wells Fargo, s ...

Exclusive: A U.S.-based Wells Fargo banker who works in trade financing has been blocked from leaving China after traveling there recently https://t.co/Osbk5zAROv ...