Tag Archives: Bart Chilton
The Cost of Nearly Everything Is Rigged, Enriching the Bank Fixers
As featured on The Huffington Post: That banks are able to manipulate became clear as a bell with the findings of the Libor interest rate fixing scandal (“Everything is Rigged: The Biggest Price Fixing Scandal Ever” Rolling Stone 04.25.13) whereby some sixteen too big to fail banks were accused of colluding to manipulate interest rates…
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Also tagged Business News, Commodity Futures Trading Commission, Congress, Federal Energy Regulatory Commission, Federal Trade Commission, Financial Crisis, Gas & Oil, Goldman Sachs, Jpmorgan, Justice Department, Libor, Libor Rate-Rigging Scandal, London Whale, Senate Banking Committee, The Fed, U.S. Sen. Sherrod Brown
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Tagged Bart Chilton, Business News, Commodity Futures Trading Commission, Congress, Federal Energy Regulatory Commission, Federal Trade Commission, Financial Crisis, Gas & Oil, Goldman Sachs, Jpmorgan, Justice Department, Libor, Libor Rate-Rigging Scandal, London Whale, Senate Banking Committee, The Fed, U.S. Sen. Sherrod Brown
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JPMorgan Exits Physical Commodity Trading
As featured on The Huffington Post: Quite dramatically, being the biggest bull in the China shop, JPMorgan Chase made the striking announcement this past week that it would quit trading in physical commodities. This in a week during which a Senate panel held hearings on whether banks such as Goldman Sachs and JPMorgan are manipulating commodity/material…
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Also tagged Business News, Gas & Oil, Glencore, Goldmansachs, Huffingtonpost, Jamie Dimon, Jpmorgan, Jpmorgan Commodities, JPMorgan Commodities Trading, JPMorgan Physical Commodity, London Metal Exchange, Motiva-Oil-Refinery, Proprietary Trading, Saudi, Sen. Sherwood Brown, Senate Banking Subcommittee Ferc, The Fed, Vitol, Volcker Rule, WTI
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Tagged Bart Chilton, Business News, Gas & Oil, Glencore, Goldmansachs, Huffingtonpost, Jamie Dimon, Jpmorgan, Jpmorgan Commodities, JPMorgan Commodities Trading, JPMorgan Physical Commodity, London Metal Exchange, Motiva-Oil-Refinery, Proprietary Trading, Saudi, Sen. Sherwood Brown, Senate Banking Subcommittee Ferc, The Fed, Vitol, Volcker Rule, WTI
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After Costing Americans Billions, Federal Reserve Reexamines Banks’ Commodity Speculation
As featured on The Huffington Post: “The Fed regularly monitors the commodity activities of supervised firms and is reviewing the 2003 determination that certain commodity activities are complimentary to financial activities and thus permissible to bank holding companies” comments from Fed spokeswoman and reported by Bloomberg (“Fed Reviews Rule On Big Banks’ Commodity Trading after…
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Also tagged Business News, Chicago Mercantile Exchange Group, Commodity Futures Trading Commission, Fdic, Federal Reserve Bank, Gas & Oil, Goldman Sachs, Jpmorgan, Morgan Stanley, Nytimes, Senator Elizabeth Warren, Speculative-Price Nexus, Too Big To Fail, Wall St.
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Tagged Bart Chilton, Business News, Chicago Mercantile Exchange Group, Commodity Futures Trading Commission, Fdic, Federal Reserve Bank, Gas & Oil, Goldman Sachs, Jpmorgan, Morgan Stanley, Nytimes, Senator Elizabeth Warren, Speculative-Price Nexus, Too Big To Fail, Wall St.
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