Sources Say BNP Paribas to Close New York Commodities Desk -Bloomberg
15 Gennaio 2019 - 5:46PM
Dow Jones News
--French bank BNP Paribas SA intends to close its commodities
trading desk in New York, Bloomberg reported, citing "people
familiar with the matter."
--BNP didn't comment on the matter, the report said.
--Bloomberg earlier reported the bank will shut Opera Trading
Capital, its proprietary trading division.
--Employees of the division will be asked to help wind down
operations, and some employees will be offered opportunities
elsewhere in the organization, the report said.
Full story:
https://www.bloomberg.com/news/articles/2019-01-14/bnp-paribas-is-said-to-shutter-u-s-commodities-trading-desk
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
January 15, 2019 11:31 ET (16:31 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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