Explainer: How commodity trade finance works

Global banks were left shell-shocked this year by a series of commodity trader collapses after instances of fraud were laid bare by the coronavirus crisis.ABN Amroon Wednesday said it would end all trade and commodity financing, shedding 800 jobs, following several other lenders who have already restructured or put their trade finance divisions under review as they scramble to recoup billions of dollars in debt.The $21 billion liquidity hole left by the Dutch bank will be hard to fill, presentin