Reports: JPMorgan Shutting Down Prop Trading Desks
Update: Zero Hedge blogger "Tyler Durden" questions the reported unwinding of JPMorgan Chase's prop-trading operations, pointing to JPMorgan's recent acquisition of energy prop-trading operation Sempra and the firm's naming of a new head of commodities strategy.
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In an effort to comply with new restrictions articulated by the so-called "Volcker rule," behemoth bank JPMorgan Chase has begun Read More
