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Commodities Briefing - Categorized | Financial, Market Moves more

JPMorgan launches $3.3 bln physical commodity business sale

Posted on 10 October 2013

JPMorgan Chase & Co (JPM.N) has launched the sale of its physical commodities business, circulating offering documents to potential buyers and valuing the assets at $3.3 billion, according to a person familiar with the matter.
JPMorgan’s sales pitch comes after the bank announced it was exiting physical commodity trading in July, as Wall Street faces heightened scrutiny from regulators and politicians on their role in the natural resources supply chain………………………………………..Full Article: Source


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