Sat, Dec 10, 2016
A A A
Welcome vaishu
RSS

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


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
December 2016
S M T W T F S
« Nov    
 123
45678910
11121314151617
18192021222324
25262728293031