Standard Bank cuts London Singapore oil jobs sources
Post on: 2011-11-02 By: admin
LONDON, Nov 1 (Reuters) - Standard Bank has cut
five jobs at its oil trading desk in Singapore and London,
market sources said on Tuesday.
The South African bank let three people go from its
Singapore oil desk and two from London last month, the sources
at oil trading desks said.
Those leaving included traders and sales staff.
One source said the move was likely to have been prompted by
tough market conditions, but another said the bank was
repositioning its capabilities to focus more on African
business.
A Standard Bank press officer was not immediately able to
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