What Next For The 'Wall Street Refiners' As JPM Exits Physical Commodities?


NEW YORK: As JPMorgan Chase & Co prepares to exit physical commodities trading, the spotlight is turning to the future of the two banks that have dominated Wall Street's involvement in the natural resources supply chain for 30 years.

Goldman Sachs and Morgan Stanley two decades ago became known as the 'WallStreet Refiners' for their mastery of both financial and physical commodities.

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