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Banking Woes Won't Hit Commodities: Trafigura

OIL

The recent banking crisis will not have a knock-on effect on commodities according to Trafigura's chief financial officer Christophe Salmon.

  • "On banks' appetite for trading firms, let's not forget trading firms give banks a lot of business opportunities from hedging to trade finance, M&A and so on...," Salmon said.
  • "We are eligible to many products in banks so they are keen to support us," he added.
  • Salmon said he did not expect banks' appetite for financing commodities trade to wane after the collapse of Credit Suisse.

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