Another Commodities Trader Fails: "Abu Dhabi's FAB shares slide over exposure to fallen Phoenix Commodities"

This one is only partly Singaporean.
From Reuters' UAE-based Zawya, May 13

The commodities trader is being liquidated after amassing more than $400mln in potential trading losses

First Abu Dhabi Bank’s (FAB) shares dropped on Wednesday after the lender revealed its exposure to Phoenix Commodities, a rice trading firm with offices in Dubai and Singapore.
Reuters reported that the commodities trader went into liquidation after amassing more than $400 million in potential trading losses.

FAB revealed a $73.2 million total exposure to the rice trading firm, consisting of $7.7 million to Phoenix Commodities in the form of a syndicated loan with other institutional lenders, $55.3 million to related company Phoenix Global DMCC in bilateral and syndicated loans with a group of international lenders and $10.2 million to related entity SMEG DMCC as bilateral facilities....MORE

Also at Zawya, May 12:
Emirates NBD, Mashreq reveal exposure to fallen commodities trader Phoenix