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Commodities Briefing - Categorized | Financial, Regulatory, Trading more

Banks’ physical commodity trading comes under scrutiny

Posted on 21 August 2013

Amid a review of a 2003 determination by the Federal Reserve, the involvement of US banks in physical commodities has come under fire from regulators, politicians and the media. Could they really be forced to exit physical trading?
During the last two weeks of July, many Wall Street executives were undoubtedly looking forward to a much-needed summer break. But instead, bank commodity chiefs found themselves engulfed in a maelstrom of criticism about their firms’ involvement in physical commodities………………………………………..Full Article: Source


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VRS - who has written 34696 posts on Opalesque Commodities Briefing.


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