Why Glencore's Longtime Lenders Haven't Walked AwayBy
Commercial banks lend about $20 billion to commodities house
Glencore CEO says banks `very supportive' of trading company
Each summer, Glencore Plc gathers its bankers at an exclusive Swiss resort for a day of golf. The hospitality has a rationale: those who convene at the Golf Club Bad Ragaz, nestled among Alpine foothills, represent the company’s financial lifeline.
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