January 7, 2014 / 12:19 PM / in 4 years

Bank of America Merrill Lynch shuts European power, gas desk

LONDON (Reuters) - Bank of America Merrill Lynch has closed its European power and gas desk following low demand for power and gas hedging and regulatory changes, a company spokesperson said on Tuesday.

“The bank will continue to trade coal, commodity indices, oil, metals and US power & gas from its Houston, London, New York and Singapore offices,” the spokesperson said.

Reporting by Karolin Schaps; editing by Keiron Henderson

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