UBS to transfer commodity portfolios to Barclays Capital

01/19/2009 | Wall Street Journal, The

UBS will sell its base metal, oil, US power and gas operations to Barclays Capital. The move, the second commodity divestment in the past few weeks by the Swiss bank, will continue the concentration of commodity trading among fewer major banking groups. Barclays' commodity business is the third-biggest on Wall Street.

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Wall Street Journal, The

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