Follow The Money, page-676

Milli

Tks for that it is very interesting to read.
Ill bet the people buying PM of Glencore will screw them royally given that Glencore must sell at all costs.
I think the NAB in Australia is tied up with Glencore.


Here is an interesting article on Glencore as well.

Banks' Glencore exposure is a $US100b gorilla, says BofA

Date
October 8, 2015

Stephen Morris

Global financial firms' estimated $US100 billion ($139 billion) or more exposure to Glencore Plc may draw more scrutiny as regulatory stress tests approach after the commodity giant's stock plunge this year, according to Bank of America.
Bank shareholders and regulators may be concerned that Glencore's debt and trade finance deals, of which a "significant majority" are unsecured, will reveal higher than expected risk and require more capital once the lenders are put through US and UK stress tests, BofA analysts said on Wednesday.
Adding an estimated $US50 billion of committed lines to the company's own reported gross debt, the analysts say financial firms' exposure may be three times larger than Glencore's reported adjusted net debt of less than $US30 billion.


Read more: http://www.smh.com.au/business/mining-and-resources/banks-glencore-exposure-is-a-100b-gorilla-bofa-says-20151007-gk3x2e.html#ixzz3oiKqd4TC
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