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Commodities Briefing - Categorized | Financial, Regulatory more

Senate panel to peek inside bank commodities operations

Posted on 23 July 2013

If you’re wondering why a few very large banks in the United States play such a big role in the commodities markets, you aren’t alone. Most people reading the New York Times’ article on Goldman’s weird, confusing and very profitable role in warehousing aluminum probably found themselves scratching their heads a bit.
Traditionally, banks in the United States were kept out of commercial business. The reason for the separation of commerce and finance was two-fold: to protect the soundness of the financial system from turbulence in the broader economy and to protect the broader economy from being dominated by finance………………………………………..Full Article: Source


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