Bank of America analysts warn of ‘$100bn gorilla in the room’ as commodities trader’s shares continue stock market rollercoaster rideTurmoil at Glencore could hold repercussions for the banking sector,according to main City analysts who are expecting the big lenders to provide information approximately their exposure to commodity firms in the coming weeks.
In a research note entitled The $100bn gorilla in the room, the analysts at Bank of America said: The banking industry may hold significantly more exposure to Glencore than is generally appreciated in the market.”Continue reading...
Source: theguardian.com