Trading Revenue Down At JPMorganMark Melin
As its relationship with Blythe Masters, the founder of the Swap derivative contract, ended with the selling of JPMorgan Chase & Co. (NYSE:JPM)'s commodity trading business, the bank might be longing for the good old days when market manipulation charges remained largely behind the scenes and Masters reigned supreme.
In this new market environment JPMorgan’s trading revenue, like that of other large banks, has been having difficulty. The bank revealed that it will experience a “high teens” percentage drop in trading revenue . . .
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