Staying Informed

Insight: Three years on, Fed keeps BoA-Merrill waiting on commodity trade

By David Sheppard NEW YORK (Reuters) - In May 2010, one of Wall Street's biggest banks went to the Federal Reserve with a seemingly straightforward request: permission to expand its physical commodity operations through specialized power contracts. The regulator had already given rivals the go-ahead for such "tolling" arrangements that allowed long-term business deals with electricity plants ...


This post is a mere snippet of world-wide industry news, sponsored by:
BizLocal is a web-property of Inspetta LLC, providing innovative web, software and marketing services to business.  Call 800-785-2925 for more information.

Only registered users can leave comments.
Comment text: