Equities

Reuters insight: Oil loses luster as banks cash in on cleaner commodities

Reuters insight: Oil loses luster as banks cash in on cleaner commodities

Investment banks are beefing up trading teams in markets such as gas, metals and carbon permits that are flourishing as businesses and economies become greener, according to recruitment consultants. In an insightful report, Reuters showed how the shift in staffing at the world’s biggest investment banks comes at the expense of oil, which has fallen out of favor after being the most profitable and best-staffed commodities business for years.