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July 26, 2013

J.P. Morgan Weighs Sale of Commodities Business

“J.P. Morgan Chase & Co. is pursuing strategic options for its physical commodities business, including a potential sale or spinoff, as many Wall Street firms have been re-evaluating their positions in that market.

During the process, the banking giant said it would continue to run the business, which includes its remaining holdings of commodities assets and its physical trading operations.

Wall Street banks have been retreating from physical commodities, allowing global trading firms to move in.”

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Read full Wall Street Journal article here

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