Sources Say BNP Paribas to Close New York Commodities Desk -Bloomberg

Date : 01/15/2019 @ 4:46PM
Source : Dow Jones News
Stock : Bnp Paribas (QX) (BNPQY)
Quote : 23.95  0.075 (0.31%) @ 9:34PM

Sources Say BNP Paribas to Close New York Commodities Desk -Bloomberg

Bnp Paribas (QX) (USOTC:BNPQY)
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--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:


--Write to Stephen Nakrosis at


(END) Dow Jones Newswires

January 15, 2019 11:31 ET (16:31 GMT)

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