Macquarie trims metals finance business in turn to energy

0
6
Done for you Skyscraper SEO


MELBOURNE (Reuters) – Australia’s Macquarie Group, a rising commodities bank powerhouse due to its turn towards the energy sector, is paring back its aggressive lending against metals, three sources familiar with the matter told Reuters.

Macquarie, which this year broke into the top three banks for commodities, has trimmed back its loans against physical metals inventories, in particular a type of finance called repurchase deals or repos, two Asia-based customers and a source familiar with the matter said.

Macquarie combines this…



Article Provided By

LEAVE A REPLY

Please enter your comment!
Please enter your name here