FT – Fed turns sour on banks’ physical commodities trading

A surprise outcome of the Deepwater Horizon disaster may be to eliminate competition for BP’s formidable energy trading business.

The 2010 explosion and spill at a BP oil well in the Gulf of Mexico was invoked repeatedly as the Federal Reserve this week invited comment on whether to continue allowing banks to handle physical commodities such as oil and natural gas. (Read more… http://www.ft.com/intl/cms/s/0/d5b340a4-7e2e-11e3-b409-00144feabdc0.html#axzz2qPCxuB8G)

(English, Article, 2014)


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