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Barclays closes power trading desks

Barclays Canary Wharf

Barclays said on Tuesday that it has closed its power trading desks in London and New York, joining a string of global investment banks that are paring down their commodity market activities as increased regulations bite.

Macquarie Hires Power Traders

The Power Of Yes

Macquarie Bank is expanding its power trading business in the UK, hiring traders from rival banks and sourcing electricity from newly acquired power plants in hopes of becoming a bigger player in the sector.

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