Upstart banks betting on expansion in commodities

Plans for increased involvement contrast with retreat of biggest firms

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Even as the largest global investment banks withdraw from the commodity market or downsize their commodity trading businesses, a number of less prominent banks are eagerly increasing their involvement in the area.

Banks that are attempting to grow their commodities businesses include ABN Amro, BTG Pactual, Canadian Imperial Bank of Commerce, Macquarie, Sberbank, Standard Bank, Standard Chartered Bank and Wells Fargo.

“Something new that you see… is that regional banks are getting more involved,”

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