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Friday, Jul 26
JPMorgan (JPM -0.8%) is exploring strategic alternatives for its physical commodities business...
JPMorgan (JPM -0.8%) is exploring strategic alternatives for its physical commodities business including "a sale, spin off, or strategic partnership." With pressure mounting from Washington and the public eye now focused squarely on Wall Street's role in commodities markets thanks in part to a NY Times piece published last weekend, now is probably as good a time as any to bid the business adieu. The bank "will remain fully committed to its traditional banking activities in the commodity markets." (previous)