Barclays PLC (BCS) To Exit The Commodities Trade

Barclays PLC (NYSE:BCS) (LON:BARC) is expected to announce plans to pull out of the commodities market tomorrow as it sheds businesses with returns below its cost of capital and continues to adapt to regulatory pressures, reports Jenny Anderson for The New York Times. The British bank will sell or shut down most of its metals, energy, and agricultural business, though precious metals will be combined with the forex trading unit.

Barclays has closed already closed similar businesses

This decision would fall in line with previous decisions that Barclays PLC (NYSE:BCS) (LON:BARC) has made since the end of the...