Let’s (not) get physical: the commodities conundrum facing banks
As the US Senate probes whether the warehousing and physical trading of commodities by banks is harmful to consumers, FN looks at how the banking industry found itself in hot water on the issue
Should banks own and trade physical commodities? That was the question asked of senior regulators by the US Senate Banking Committee last week.
Financial News looks at some of the issues raised in the hearings and the consequences for the banking industry.
