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Commodities Briefing - Categorized | Market Moves, Trading more

Against the trend, Citi boosts commodities trading

Posted on 15 November 2012

Citigroup Inc is increasing its commodities and energy team with a new head of corporate sales and other key executives joining from rivals BNP Paribas and Barclays. The move comes at a time when many other banks have been pulling out of commodities after a period of losses and narrowing margins.
Dozens of traders have quit banks such as Barclays, Goldman Sachs, Morgan Stanley and Merrill Lynch to firms such as Glencore, Vitol, Gunvor and Mercuria………………………………………..Full Article: Source


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