Morning Scan: Fraud Probe Grows; Expanding SBA Loan Access

Receiving Wide Coverage ...

Metal Fraud Concerns Grow: As banks investigate the possibility that a Chinese metal producer used the same materials as collateral for metal-backed loans, China's state-owned company Citic Resources Holdings attempted to secure its warehouse stocks of aluminum and copper. A half-dozen banks are looking into the suspected fraud, including Citigroup and Standard Chartered. Some of the lenders have decided to refrain from commodity financing deals in China "until they get clarity on...