| U.S. banks are expanding fast in commodities trade finance as the dominant players, French banks, retreat, bankers told Reuters, with traders saying they feared it still would not be enough to save some small oil, coal and metals players from credit problems.
"The French banks are actively selling loan exposure as dollar liquidity in Europe has shrunk. So naturally U.S. banks are benefitting most. I personally bought into a few large and good trade finance loans," said an executive at a major U.S. bank specialising in energy...............................................Full Article: Source |