30.07.2013 - JPMorgan faces 'hard sell' in crowded market for commodity traders
For third time in five years, one of the world's biggest commodity trading desks is for sale. JPMorgan Chase & Co. said on Friday it would seek "strategic alternatives" for its physical oil, gas, power and metals trading division, the core of which is a group that's already been through two ownership changes since 2008. It was a surprise about-face for a bank that spent billions of dollars over the past five years assembling the largest physical trading platform on Wall Street.......................................Full Article: Source
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