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Why is Citigroup building its commodities team as other big banks pull out?

Posted on 28 June 2013

Citigroup Inc. is building up its commodities teams while “big players” such as Morgan Stanley and Deutsche Bank reduce their trading interest because of poor returns. New York-based Citigroup, which had to retreat during the financial crisis along with a number of other major financial institutions, is now actively building up its commodities teams in anticipation of improved profits as the global economy recovers.
During the past few years, higher costs, tighter regulations, and inflated dealer salaries have had an impact in overcrowding the market, contributing to low price volatility and reducing the profits in trading commodities such as oil and metals………………………………………..Full Article: Source


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VRS - who has written 37015 posts on Opalesque Commodities Briefing.


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