Commodity trade Finance New York
March 6, 2014 – 10:24 am
Citigroup to expand commodity trade finance unit
NEW YORK (MarketWatch) - Citigroup Inc. /quotes/nls/c -0.54% plans to double its commodities trade finance team staff to gain market share and add revenue, according to a Reuters report on Friday. Kris Van Broekhoven, global head of commodities trade finance at Citi, said by doubling the 14-person team, he hopes to become a top-five player in the market in next three years. Trade finance is a form of short-term funding that ensures payments are made on international shipments. The bank hopes to gain market share left by other banks leaving the space in recent months. J.P. Morgan Chase & Co. /quotes/nls/jpm -1.14% recently sold its commodities trading unit to Swiss-based firm Mercuria, while Morgan Stanley /quotes/nls/ms -0.94% sold its unit to Russian oil giant Rosneft.
/quotes/zigman/5065548/delayed/quotes/nls/c
US : U.S.: NYSE
Volume: 7.06M
Aug. 5, 2014 12:25p
Market Cap
$146.56 billion
Rev. per Employee
$349, 582
/quotes/zigman/272085/delayed/quotes/nls/jpm
Volume: 6.98M
Market Cap
$213.76 billion
Rev. per Employee
Source: www.marketwatch.com
The panic hasn't even started!
As ordinary citizens with no power over the levers of policy, we watch from the sidelines, and weep. The whole global economy has tipped into a downward spiral. Trade and output are contracting at rates that outstrip the leisurely depression of the 1930s. Debt deflation has simply washed over the drastic measures taken by governments everywhere.
Judging by the latest Merrill Lynch survey of fund managers, investors have a touching faith that China is going to rescue us all and re-ignite the commodity boom
Get ready for higher long term interest rates
by NiteCrawlerofTruth Higher U.S. interest rates will be due to:
1. Higher inflation; cheaper dollar. T-buyers are demanding a higher
interest rate to compensate for inflation and the falling dollar.This
inflation is caused by higher world commodity prices and is outside
control by the Fed Reserve.
2. Foreign sovereign funds are pulling out of U.S. Treasuries. The
Chinese economics minister and OPEC spokesman and others have already
announced this pull back Foreigners, who own more than half of our $9.5
Commodity finance being done by Trading Houses — Spend Matters
And banks fund these companies through trade lines, just like they fund so many hedge funds, factors, and others now interested in trade receivables. See – Shadow Banking Market grows and grows and Commodity Trade Finance – Still the Banks' Domain.
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Trading in Options on Futures
Book (New York Institute of Finance)
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