Excerpt from BLOOMBERG
U.S. banks are facing political and regulatory pressure over their global commodities businesses. The Federal Reserve said on July 19 that it will review a decade-old decision that physical commodities are “complementary” to banking, which which allowed banks including JPMorgan and Citigroup Inc. to expand into the business.
http://www.bloomberg.com/news/2013-07-26/jpmorgan-says-it-may-sell-or-spin-off-physical-commodities-unit.html
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Ive read articles that don't really stipulate what commodities will be affected by the New Regulatory Rules that the Government Regulators are bringing in and some articles allude to Precious Metals.
Its a bit of a hodge podge at the moment as to whats in or out at this stage, well have to wait and see what the regulators do I guess!!
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- jpmorgan to exit physical commodity business
jpmorgan to exit physical commodity business, page-4
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