Tue, 25th Feb 2014 15:03
NEW YORK, Feb 25 (Reuters) - Barclays has shut its U.S. andEuropean power trading desks but will continue to manage itsexisting trading book to minimize client impact, a bankspokesman said on Tuesday.
"Our core commodities franchise continues to operatebusiness as usual," the spokesman said in an emailed statement.
The 10 or so employees on the desks will remain at the bankfor the time being, a source familiar with the bank said. (Reporting By Jeanine Prezioso)
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Barclays (BARC)