(Bloomberg Opinion) — Commodity traders’ financial distress doesn’t just appear out of the blue. It’s been brewing for a while. Financing from traditional sources — commercial banks — has been harder to come by for years, thanks to a mix of fraud losses, stricter money laundering rules, sanctions lifting fines and environmental concerns. But most of the time it involves expensive capital charges for commodity risks.
This post Banks are now no lifeline for floundering commodity traders
was original published at “https://www.bloombergquint.com/gadfly/banks-are-no-lifeline-for-floundering-commodities-traders-now”
