31.10.2013 - New regulations may curb commodity business of Wall Street banks
Several major banks involved in commodities business would find the going tough following the Federal Reserve move to regulate the bsuiness and impose new capital charges, according to news reports. The Federal Reserve may review the permission granted to banking majors who engage in trading of physical commodities such as oil and metals and impose curbs on their operations. This has caused apprehensions among the banking community-- Citigroup, Barclays, JPMorgan, Goldman Sachs being some of them.....................................Full Article: Source
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