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Wealth Intelligence: The Trader's Loss — How One Counterparty Cost Glencore $480 Million, and What Ivan Glasenberg's 10% Stake Reveals About Hidden Risk

Glencore has just taken a $480 million provision — one of the largest trading losses in its history as a public company — on a single counterparty, and now faces a $2 billion lawsuit from that same former partner.

Wealth Intelligence: The Trader's Loss — How One Counterparty Cost Glencore $480 Million, and What Ivan Glasenberg's 10% Stake Reveals About Hidden Risk

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