18.11.2014 - Execs to testify on banks' commodities holdings
Executives of three major banks are scheduled to undergo questioning by a Senate panel this week on bank ownership of physical commodities such as oil, natural gas and aluminum and the effect those holdings have on consumers, industry and commodities markets. Jacques Gabillion, head of Goldman Sachs' (GS) global commodities principal investment group, Simon Greenshields, global co-head of commodities at Morgan Stanley (MS), and John Anderson, co-head of global commodities at JPMorgan Chase (JPM) are slated to testify at the two-day hearing of the Senate Permanent Subcommittee on Investigation.......................................Full Article: Source
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