Glencore Must Stem Rumors, Stop Lehman-Like Moment, L&G Says

Updated on
  • CEO Glasenberg needs to speak publicly to quell speculation
  • Uncertainty at Glencore having `massive contagion effect'

Glencore is a Quasi-Lehman Moment: Wilson

Glencore Plc faces a “quasi-Lehman moment,” where rumors about the company’s viability hurt the stock amid a lack of information from its leadership, Legal & General Group Plc Chief Executive Officer Nigel Wilson said.

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