Under siege, JPMorgan to quit physical commodities
NEW YORK (Reuters) - JPMorgan Chase & Co is exiting physical commodities trading, the bank said in a surprise statement on Friday, as Wall Street's role in the trading of...
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At Senate, Wall St. and Fed feel heat over commodity trade
WASHINGTON/NEW YORK (Reuters) - Wall Street's multibillion-dollar commodity trading operations came under the political spotlight on Tuesday as a powerful Senate committee questioned whether commercial banks should control oil pipelines,...
Bancorp sued over ‘Midwest Madoff’ brokerage accounts
NEW YORK/CHICAGO (Reuters) - U.S. regulators on Wednesday launched the first lawsuit against a bank tied to the blow-up of brokerage Peregrine Financial, alleging U.S. Bancorp knowingly let Russell Wasendorf...
Lawmaker asks Justice Department to investigate JPMorgan power trading
NEW YORK (Reuters) - A Congressman on Wednesday called on the Department of Justice to investigate JPMorgan Chase & Co's power trading in Michigan, as the Federal Energy Regulatory Commission...
Canada PM touts Keystone pipeline in U.S., says must be approved
NEW YORK (Reuters) - Canadian Prime Minister Stephen Harper turned into a pitch man for TransCanada Corp's Keystone XL oil pipeline on Thursday, telling a New York audience the project...
Analysis: Collapse in Brent-WTI oil spread spooks refiners, railways
NEW YORK (Reuters) - After almost three years of churning bumper profits from the massive price gap between the world's two most actively traded crude oil contracts, traders, refiners, railways...
Exclusive: Goldman explores sale of Metro metals warehouse business
NEW YORK (Reuters) - Goldman Sachs has explored a sale of its metals warehousing business Metro International LLC, three sources with knowledge of the matter told Reuters, just three years...
Analysis: As U.S. gasoline prices soar, hedge fund oil bets near record
NEW YORK (Reuters) - U.S. motorists searching for someone to blame for the highest gasoline prices ever at this time of year have an easy target: hedge funds who have...
NYC taxi firms run out of fuel as gasoline crunch deepens
NEW YORK (Reuters) - New York taxi and car service companies started pulling vehicles off the road on Thursday as the fuel crunch deepened, with the vast majority of storm-hit...
Tempers fray as NY fuel crunch deepens, relief days away
NEW YORK (Reuters) - The fuel supply crisis gripping the New York area deepened on Thursday as the city's iconic taxis started turning away business while drivers searched hours for...