Banks beneficial for commodities: study

Sep 19, 2013 | 05:08 PM | Mark Burton

Tags  aluminum, commodities market, U.S. banks, JPMorgan Chase, Goldman Sachs Group, IHS Global Insight, Metro International Trade Services, London Metal Exchange warehousing

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 JP​Morgan 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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