JPMorgan could decide on buyer for commodities unit this week

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

JPMorgan (JPM) could choose a winner this week in the auction of its commodities unit, which has attracted interest from Blackstone (BX), Macquarie (MCQEF) and Mercuria Energy, Bloomberg reports.

The business could fetch $2B, below the $3.3B JPMorgan was apparently looking for when it put the business on the block.

The firm is selling the operations amid increasing scrutiny of banks' commodity operations following allegations of problematic practices. (Previous)