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Commodities Briefing - Categorized | Financial, Regulatory more

U.S. deepens scrutiny of banks’ roles in commodities

Posted on 31 July 2013

Wall Street banks face the prospect of increased scrutiny of their commodity businesses as U.S. regulators and lawmakers on Tuesday pressed for a closer look at their roles in owning warehouses and in trading everything from oil to metals
Under pressure from a handful of lawmakers to explain why banks including JPMorgan Chase & Co. and Goldman Sachs have been allowed to own warehouses and trade physical commodities, regulators have scrambled this month to demonstrate that they are tackling the issue………………………………………..Full Article: Source


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