10.05.2012 - Natixis plans to shut commodities brokerage unit

French bank Natixis said it plans to close its commodities trading division, as one of the oldest ringdealing members of the London Metal Exchange becomes the latest victim of the European debt crisis. The bank had "wound up" Natixis Commodities Markets (NCM), which offers derivatives on a range of metals, fuels and commodities as part of its CIB adaptation plan, the bank said in its earnings statement on Wednesday...............................................Full Article: Source

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