UBS Said to Plan Closing Oil, Base Metals, Agriculture Trading
Related:UBS AG (UBSN) plans to close its oil, base metals and agriculture trading desks as Switzerland’s biggest lender shrinks its investment bank, according to a person with direct knowledge of the decision.The bank plans to keep its index-investor products and precious-metals trading, said the person, who asked not to be identified because the details are private. UBS declined to comment...MORE
Climateer Line of the Day: Bailing on Commodities Edition
The Death of Commodities
"CalPERS fails to make money in commodities: John Kemp"
And from 11 mnths ago:
"Phase Shift" - JP Morgan Downgrades All Commodities To "Sell"