Goldman Sachs And Morgan Stanley Being Scrutinized By Senate

After JPMorgan Chase & Co. (NYSE:JPM) announced its plans to exit physical commodities, attention is turning towards Goldman Sachs Group, Inc. (NYSE:GS) and Morgan Stanley (NYSE:MS). Last week, JPMorgan Chase & Co. (NYSE:JPM) announced its plans to exit the business of owning and trading physical commodities after a U.S. Senate panel questioned whether banks are abusing their ownership of raw materials to manipulate markets. David Sheppard of Reuters reports that following JPMorgan Chase & Co. (NYSE:JPM)’s recent announcement, the spotlight has now been focused on possible future actions of Goldman Sachs Group, Inc. (NYSE:GS) and Morgan Stanley (NYSE:MS). Goldman Sachs focus of…