Wall Street’s most powerful banks have accelerated efforts to transform the structure and focus of their commodity trading desks to preserve their multibillion-dollar empires from tightening regulation.
Scrutiny of their activities in electricity markets, metals warehousing and oil trading is reaching fever pitch ahead of a Federal Reserve decision in September that may decide how deeply banks can delve into the world of petrol tankers, piles of copper and power plants.
via Business feed http://www.scmp.com/business/banking-finance/article/1289009/wall-st-reshapes-commodities-business-fend-regulation
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