Major banks' commodities income slid 18 pct within 2013 -report
greater london, Feb 18 (Reuters) — Commodities revenue at the top ten investment banks dropped eighteen percent in 2013 in a third year of diminishes due to weak investor attention and low volatility, the consultancy said on wednesday. Revenue from commodities for top banks …
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Exclusive: JPMorgan in speaks with Mercuria on commodities unit sale
JPMorgan decided to sell its multi-billion dollar physical commodities department last year under rising regulating and political pressure in order to retreat to the bank' h core business of financing instead of speculating in raw materials. " This week, JPM joined…
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