Investment banks are cutting commodity staff for a second year and pay will probably drop for a third time as revenue declines, bonuses shrink and new regulations limit how much money traders can risk. Employees in commodity trading, sales and research at 10 top banks from Barclays Plc to UBS AG declined to 2,386 by September, from 2,612 at the end of 2011 and 2,777 a year before that, according t…
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On December - 13 - 2012 Articles of Interest
