Glencore Implodes: Stock Plunges Most Ever, CDS Blow Out To Record Up On Equity Wipeout Fears
September 28, 2015 at 20:49 PM EDT
The world's largest commodity trading counterparty, Switzerland-based Glencore, just two weeks ago unveiled an unprecedented "doomsday" capital raising and deleveraging plan which, in retrospect, was not enough.
