Mercuria deal was driven by economics, says JP Morgan

Bank says economics, not regulation, drove physical commodities sale

jp-morgan-canary-wharf

JP Morgan's exit from physical commodities was largely driven by a reappraisal of the economics of the business, rather than pressure from the US Federal Reserve Board and other regulators, say the bank’s global co-heads of commodities in an exclusive interview.

The Fed's increasing scrutiny of the involvement of major US investment banks in physical commodity markets was "certainly part of our thinking" when JP Morgan made the strategic decision to sell or spin off its physical business in mid

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here