{"id":68812,"date":"2019-04-10T00:49:31","date_gmt":"2019-04-10T04:49:31","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=68812"},"modified":"2019-04-12T02:06:45","modified_gmt":"2019-04-12T06:06:45","slug":"socgen-is-latest-bank-to-shutter-its-commodities-business","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2019\/socgen-is-latest-bank-to-shutter-its-commodities-business.html","title":{"rendered":"SocGen Is Latest Bank to Shutter Its Commodities Business"},"content":{"rendered":"<p>\n(Bloomberg) Add Societe Generale SA to the list of banks and financial institutions to take a big step back from commodities amid a slump in trading profits. The French bank said on Tuesday that it is planning to close its over-the-counter commodities business and its proprietary trading subsidiary as part of a global move to cut about 1,600 jobs after a slump in trading revenue. The bank will also reorganize and refocus activities within fixed income and prime services to make them more profitable.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-04-09\/socgen-is-latest-bank-to-shutter-commodities-as-profits-bite\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Add Societe Generale SA to the list of banks and financial institutions to take a big step back from commodities amid a slump in trading profits. The French bank said on Tuesday that it is planning to close its [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-68812","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/68812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=68812"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/68812\/revisions"}],"predecessor-version":[{"id":68813,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/68812\/revisions\/68813"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=68812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=68812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=68812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}