The move is part of a strategic effort to reshape the bank
in response to broad and intense scrutiny of banks' activities
in sectors including interest rate, electricity and gold
markets. "Barclays is exiting the majority of its global
commodities business. The refocused business will provide a
simplified financial flow platform for clients, with an
emphasis on efficient electronic execution," the bank said.
"This decision is in line with Barclays’ stated
objective to actively evaluate and...