SMBC Asks Banks to Confirm Saudi Energy Loan Backing Amid War

Sumitomo Mitsui Banking Corp. has reached out to Asian banks backing an around $1.5 billion Saudi loan deal to reconfirm their commitments, an unusual step highlighting the risks the conflict...

By Apple Ka Ying Li, Kari Soo Lindberg · Bloomberg Markets

Sumitomo Mitsui Banking Corp. has reached out to Asian banks backing an around $1.5 billion Saudi loan deal to reconfirm their commitments, an unusual step highlighting the risks the conflict in Iran poses for lending in the region.