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Commodities Briefing - Categorized | Financial, Trading more

Banks look to exit commodities

Posted on 31 January 2014

JPMorgan is rumored to be selling its commodity business. The deal could be worth around $2 billion for the bank. Commodities have been profitable for banks in the past. But now several banks are changing course.
To understand what’s changing, let’s start with how this business actually works. Banks do more than trade commodities. Their holding companies will actually take possession the physical commodities, like aluminum or oil………………………………………..Full Article: Source


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VRS - who has written 36729 posts on Opalesque Commodities Briefing.


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