Barclays makes £500m betting on food crisis
Categories: Articles:Social Justice |
Published: 03/09/2012 |
Views: 1441
Outrage as bank revealed to be major speculator while millions face starvation. Barclays has made as much as half a billion pounds in two years from speculating on food staples such as wheat and soya, prompting allegations that banks are profiting handsomely from the global food crisis. Barclays is the UK bank with the greatest involvement in food commodity trading and is one of the three biggest global players, along with the US banking giants Goldman Sachs and Morgan Stanley, research from the
World Development Movement points out. Tom Bawden, Indpendent, 1/9/12.
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