Commodity Trading By Wall Street Banks Under Threat Amid FED ReviewMani
Federal Reserve indicated it is reviewing its landmark 2003 ruling that allowed regulated banks to trade in physical commodity markets.
Top global investment banks including Morgan Stanley (NYSE:MS), Goldman Sachs Group Inc (NYSE:GS), JPMorgan Chase & Co. (NYSE:JPM) are set to lose as they derive substantial revenue from commodity trading.
FED statement . . .
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