JPMorgan is reviewing commodity exposure after nickel chaos ...Qatar

Gulf Times - News

JPMorgan Chase & Co is reviewing its business with some commodity clients after last month’s nickel short squeeze, a move that threatens to drain more liquidity out of the sector. Senior management at JPMorgan has asked teams around the world to conduct fresh due diligence on some existing clients, including metals traders and oil refiners, according to people familiar with the situation. Risk assessments are also being conducted on certain financing functions, said the people, who asked not to be identified as the information is private. The US bank is one of the largest players in global commodity markets and the biggest in metals by far. It was also a central participant in the nickel pr

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Last updated : 05 April 2022 clock 09:57 PM

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JPMorgan is reviewing commodity exposure after nickel chaos ...Qatar

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