Hot commodity? More like a hot potato. The world’s biggest banks have been dropping their commodities businesses like that aforementioned tuber of late, selling off all or parts of their once-lucrative commodities trading units. 379 more words
Tags » JPMorgan
That’s bad news for the housing market and the economy in general.
FORTUNE — If you are wondering why you can’t get a mortgage, here’s an answer: Every time JPMorgan Chase makes a home loan, it loses money, $1,500 on average. 634 more words