JPMorgan Shops Commodity Business Amid Bid To Shed Non-Core Assets

Mani

Published onOctober 10, 2013

Updated on May 13, 2021

JPMorgan Chase & Co (NYSE:JPM) has initiated a process to sell its physical commodity business for $3.3 billion by circulating offering documents, according to several media reports.

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Last month, ValueWalk reported that JPMorgan Chase & Co (NYSE:JPM) had launched a firm-wide effort to sell off ‘non-core’ assets.

Increasing regulatory scrutiny

In July, the Federal Reserve indicated that it is reviewing its landmark 2003 ruling that...

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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

JPMorgan Shops Commodity Business Amid Bid To Shed Non-Core Assets

Increasing regulatory scrutiny

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