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Commodities Briefing - Categorized | Financial, Regulatory more

Senate to look at banks’ control of commodity storage

Posted on 18 July 2013

A U.S. Senate committee will hold a hearing next week on whether banks should control physical storage of commodities, the HuffingtonPost reported, a signal that lawmakers may toughen their stance on this controversial but lucrative business for Wall Street firms.
Goldman Sachs Group Inc, JP Morgan Chase & Co and Morgan Stanley all have business units involved in the storage of physical commodities such as metals and oil, as well as being involved in commodities trading………………………………………..Full Article: Source


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