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JPMorgan faces ‘hard sell’ in crowded market for commodity traders

Posted on 30 July 2013

For third time in five years, one of the world’s biggest commodity trading desks is for sale. JPMorgan Chase & Co. said on Friday it would seek “strategic alternatives” for its physical oil, gas, power and metals trading division, the core of which is a group that’s already been through two ownership changes since 2008.
It was a surprise about-face for a bank that spent billions of dollars over the past five years assembling the largest physical trading platform on Wall Street…………………………………Full Article: Source


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