Deutsche Bank, KBC freeze some of Radiant World's Singapore bank accounts, Bloomberg News reports

Vale

06/08/2026 14:06

Aug 6 (Reuters) - Deutsche Bank DBKGn.DE and KBC Group NVKBC.BR have frozen some of Radiant World's Singapore bank accounts, while some other banks have suspended credit lines, Bloomberg News reported on Thursday.
Rio Tinto RIO.L and Vale SA, VALE3.SA have struck Radiant World, one of the world's largest iron ore traders, off their lists of approved customers, the report added, citing people familiar with the matter. 
Reuters could not immediately verify the report. 

 (Reporting by Gursimran Kaur in Bengaluru; Editing by Janane Venkatraman)
 ((GursimranKaur.Mehar@thomsonreuters.com;))