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, according to a Bloomberg report. The bank's stock price was nicked today as a result.
JPMorgan's stock drops 2.83%
Most of the revenue decline comes from the sale of the bank’s physical-commodities business and higher interest costs,...
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