Deutsche Bank Said to Fire 10 Traders as Banks Retrench
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Deutsche Bank AG fired 10 to 12 European power and natural gas traders in London as it cuts staff trading physical commodities, two people with knowledge of the matter said.
There are at least two traders still unwinding positions as Europe’s biggest lender is reducing trading in physical energy markets, said the people, who asked for anonymity because the information is private. Nick Bone, a company spokesman in London, declined to comment when reached yesterday by phone.