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Banks essential to commodity markets, says report

Posted on 20 September 2013

A study commissioned by a US bank lobby group found financial institutions are “essential” to commodity markets, in a public sign that the industry is mobilising to defend its ability to move raw materials.
The Federal Reserve is reviewing whether to allow large US banks to buy and sell physical commodities, not just futures contracts. Goldman Sachs and Morgan Stanley are also fighting to keep commodity assets like power plants and oil tanks as their five-year anniversary as Fed-regulated financial holding companies approaches this week………………………………………Full Article: Source


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