David Sheppard –

JPMorgan named top commodities bank, day after selling physical business

November 3, 2021 at 8:31 p.m.

LONDON (Reuters) - JPMorgan commodity chief Blythe Masters laid out an ambitious plan four years ago to become the top Wall Street bank in energy and metals trading. Last year...

JPMorgan named top commodities bank, day after selling physical business

December 23, 2018 at 5:00 p.m.

LONDON (Reuters) - JPMorgan commodity chief Blythe Masters laid out an ambitious plan four years ago to become the top Wall Street bank in energy and metals trading. Last year...

JPM deal propels Mercuria to elite club of commodity titans

November 3, 2021 at 8:28 p.m.

NEW YORK/LONDON (Reuters) - The big three just became the big four. Mercuria's purchase of JPMorgan's physical commodities business marks the culmination of a 10-year journey for Swiss traders Marco...

JPM deal propels Mercuria to elite club of commodity titans

December 23, 2018 at 4:56 p.m.

NEW YORK/LONDON (Reuters) - The big three just became the big four. Mercuria's purchase of JPMorgan's physical commodities business marks the culmination of a 10-year journey for Swiss traders Marco...

BoA-Merrill Lynch shuts European power and gas trading desk

August 24, 2021 at 7:11 p.m.

LONDON (Reuters) - Bank of America-Merrill Lynch shut its European power and gas sales and trading operation on Tuesday, the fourth major player to close parts of its commodities business...

Insight: Wall Street uses ‘merchant’ workaround to cling to commodity assets

August 24, 2021 at 5:25 p.m.

NEW YORK/LONDON (Reuters) - Wall Street's commodity trading giants are using a 14-year-old law to hold on to their oil storage terminals and metals warehouses a little bit longer, even...

Insight: Three years on, Fed keeps BoA-Merrill waiting on commodity trade

August 24, 2021 at 4:23 p.m.

NEW YORK (Reuters) - In May 2010, one of Wall Street's biggest banks went to the Federal Reserve with a seemingly straightforward request: permission to expand its physical commodity operations...

Wall Street-funded report defends banks’ role in physical commodities

August 24, 2021 at 3:26 p.m.

NEW YORK (Reuters) - A report funded by Wall Street's largest lobby group laid out the most public justification yet of banks' role in physical commodity markets, a lucrative business...

Analysis: TransCanada’s East Coast oil pipeline to change trade dynamics

August 24, 2021 at 1:52 p.m.

(Reuters) - TransCanada Corp's plan to build one of the world's longest oil pipelines has reverberations far beyond Canadian shores. The planned 2,700 mile pipeline, which will bring crude from...

Goldman blinks but no relief for Wall Street’s commodity traders

August 24, 2021 at 1:47 p.m.

NEW YORK/LONDON (Reuters) - Goldman Sachs' effort to diffuse intensifying pressure over its commodity business by throwing open its metal warehouse doors likely comes too late to head off further...

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