Sun, Oct 26, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Financial, Market Moves more

Why do banks own physical commodity assets?

Posted on 07 August 2013

The average Joe on the street would be forgiven for thinking that banks are supposed to move money, not metal. But events in recent weeks have put paid to that misconception.
Last week in a lawsuit filed in a Detroit court, aluminium product manufacturer Superior Extrusion sued Goldman Sachs, along with the London Metal Exchange, for alleged “anti-competitive and monopolistic behaviour in the warehousing market in connection with aluminium prices”, according to Hong Kong Exchanges and Clearing, the parent company of the LME………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37629 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031