The British bank is the latest in a series of major banks that have slashed commodities trading
Barclays has confirmed it will shut the majority of its
global commodities trading units and retain only its precious
metals, financial oil and gas trading desks in the latest sign
of banks cutting back in commodities trading, writes
The British bank said in a statement on Tuesday the decision
to exit the majority of its commodities business was taken to
ensure the firm complied with the tough requirements on
banks’ activities in the commodities markets.
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