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Barclays Is Reportedly Planning On Getting Out Of The Commodities Business

Commodities

Barclays Is Reportedly Planning On Getting Out Of The Commodities Business

Business Insider - Reuters

The UK bank is expected to announce the changes on Tuesday, which include heavy cuts to its global commodities trading staff, the newspaper reported. The FT said Barclays is making the move because conditions in the commodities markets have grown unfavorable recently. Revenues have fallen and …

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