Commodity Trading By Wall Street Banks Under Threat Amid FED Review

Mani

Published onJuly 22, 2013

Updated on May 13, 2021

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 on commodity trade

On Friday, Reuters reported that the Federal Reserve is going to review the 2003 decision that allowed regulated banks to trade in physical commodity markets: “The one-sentence...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Commodity Trading By Wall Street Banks Under Threat Amid FED Review

FED statement on commodity trade

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