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Inside Jefferies’ Months-Long Tussle With Glencore Over Radiant

Key Points

Inside Jefferies’ Months-Long Tussle With Glencore Over Radiant Executives at Jefferies Financial Group Inc. were sounding increasingly irate. For months, they had been pressing Glencore Plc for information about overdue payments linked to Radiant World, an iron ore trader that had become one of the most important customers of their Point Bonita trade finance unit.

Inside Jefferies’ Months-Long Tussle With Glencore Over Radiant Executives at Jefferies Financial Group Inc. were sounding increasingly irate. For months, they had been pressing Glencore Plc for information about overdue payments linked to Radiant World, an iron ore trader that had become one of the most important customers of their Point Bonita trade finance unit.
Jefferies Financial Group Inc. (ORG) Glencore Plc (ORG) Radiant World (ORG) Point Bonita (LOCATION)
Originally published by Bloomberg Markets Read original →