BNP to close US commodities trading desk.
BANKING AND CREDIT NEWS-January 16, 2019--BNP to close US commodities trading desk
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Global Banking News - 16 January 2019
BNP Paribas (BNPP.PA) has announced that it is to close its US commodities trading desk.
This will be the second trading unit that the firm has wound down within days. The move is believed to be taken to enhance profitability. The unit has 16 people trading in energy, metals and some agricultural products.
Revenues from the business...
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