According to the financial times reported that one of the world's biggest commodity trader, barclays will this week announced plans to exit quite a part of metals, agriculture (000061, shares) and the energy business.The report said, chief executive of barclays,elbow 180 degree a234 wpb butt weld elbows Anthony Jenkins ready on May 8 to new strategic investors, he is expected to cut the barclays for those who failed to return beyond the field exposure of the cost of capital, in order to shed thousands of jobs.
Analysts said the precious metals trading is likely to be incorporated into the bank's foreign exchange business,Longitudinal Welded pipe and tube the bank's global commodity trading, sales and research, 160 employees of the business will suffer from large-scale layoffs.
Barclays is one of the five big bank of commodities, the Banks last year about 70% of the total control commodity trading. But several Banks are cut or sell such a business, including Morgan Stanley,ASME RF/FF Welding Socket Weld slip on flange deutsche bank, ubs and royal bank of Scotland.The personage inside course of study says, shrink or sale of the business is mainly driven by several factors, including increased regulation, new capital constraint, and the stable oil and other commodity prices as a result of lower profit margins.
