Bnp Paribas (EU:BNP)
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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: 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 email@example.com
(END) Dow Jones Newswires
January 15, 2019 11:31 ET (16:31 GMT)
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