Deutsche Bank Said to Pare U.S. Commodities as Silbert Exits

Deutsche Bank Said to Pare U.S. Commodities as Silbert Exits

Hannelore Foerster/Bloomberg

Zurich-based UBS AG , Switzerland’s biggest lender, planned to close its oil, base metals and agriculture trading desks as part of a move to cut about 10,000 jobs, a person with direct knowledge of the decision said Oct. 31.