The past 12 months have been a tumultuous time for JP Morgan's commodities business.
On March 19, the bank announced it had agreed to sell its physical commodities business to Switzerland-based trading house Mercuria for $3.5 billion, following months of speculation about the future of the unit. Two weeks later, Blythe Masters, JP Morgan's New York-based global head of commodities, announced her intention to resign.
Like other US banks, JP Morgan has faced fierce regulatory scrutiny of its physi
The week on Risk.net, July 14–20, 2017Receive this by email