C Suisse remains committed to commodities

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Credit Suisse said it remains committed to commodities and sees 'strategic opportunities' as banks including Barclays and Deutsche Bank retreat from the field.

Bloomberg News reports that the bank is seeing more business in industrial metals after some competitors pulled out, Paul Hawkins, global head of commodities at Credit Suisse, told reporters in London last week. Market-making and liquidity in the European and U.S. power, industrial metals and bulk commodities areas suffered the most as the banks retreated, he said.

'The landscape is certainly changing within banking', Hawkins said. 'The challenge for banks involved in commodities is to adapt their business models in a way which meets client needs and is in line with regulatory requirements'.

'We remain committed to commodities', Hawkins said. 'We also think that, as some players pull back in the space, there are strategic opportunities for the bank'.

To access the complete Bloomberg article hit the link below:

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