Sun, Jan 25, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Financial, Trends more

Big banks are looking to dump commodities units

Posted on 04 November 2013

Facing lingering questions about the oversight and profitability of their businesses, Morgan Stanley and JPMorgan Chase have taken steps to sell their commodity divisions, say people familiar with the matter. The firms are holding discussions with a range of offshore buyers who wouldn’t be subject to relatively stringent US banking rules.
Morgan Stanley held detailed discussions with China International United Petroleum & Chemicals—otherwise known as Unipec—as recently as September about a possible purchase of its commodities-trading division, according to people with knowledge of the talks………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38939 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
January 2015
S M T W T F S
« Dec    
 123
45678910
11121314151617
18192021222324
25262728293031