Banks’ Glencore Exposure Is a $100 Billion `Gorilla,’ BofA Says – Bloomberg

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Banks' Glencore Exposure Is a $100 Billion `Gorilla,' BofA Says
Bloomberg
Glencore has $35 billion in bonds, $9 billion in bank borrowings, $8 billion in available drawings and $1 billion in secured borrowings, in addition to $50 billion in committed credit lines, against which it draws letters of credit to finance trading
Bank of America says banks may have $100 billion in exposure to GlencoreMarketWatch
Fresh fears over banks' exposure to Glencore turmoilThe Guardian

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