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JPMorgan draws interest in commodities arm

Posted on 10 October 2013

More than two dozen parties, including pension funds and trading houses, have expressed interest in JPMorgan Chase’s physical commodities operations following the bank’s decision in July to divest the business.
First round offers for the business, one of Wall Street’s biggest traders of cargoes of oil, coal and natural gas, are due before the end of the month, according to people familiar with the situation………………………………………..Full Article: Source


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