Banks beneficial for commodities: study
Sep 19, 2013 | 05:08 PM
| Mark Burton
LONDON The withdrawal of U.S. banks from commodity markets will have a detrimental effect on market liquidity, increase volatility and leave consumers, producers and traders heavily exposed to fluctuations in commodity prices, according to a report by IHS Global Insight Inc.
New York-based JPMorgan Chase & Co. announced plans to sell its physical commodities business in July, shortly after it paid $410 million to settle charges of alleged price manipulation in California and Midwest wholesale electricity markets.....
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