06.10.2015 - Standard Chartered Most at Risk From Commodities, Bernstein Says
Standard Chartered Plc has the greatest exposure to commodity traders among European banks, according to an analysis by Sanford C. Bernstein, with $1.9 billion of syndicated loans as concern spreads about the industry’s debt load and prices plunge. Analysts led by Chirantan Barua estimate Standard Chartered has more than $1 billion of loans and credit lines to oil trader Trafigura Pte Ltd., whereas Credit Agricole AG has the largest exposure of any bank, $841 million, to Glencore Plc, which has seen its stock plummet 63 percent this year. Societe Generale SA has made $1.8 billion of loans to natural-resource traders, the second-most in Europe, Bernstein estimates...............................................Full Article: Source
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