Tag:
Energy Business
Latest Headlines
Latest Headlines
Unholy linkage: Energy and finance
Until the credit crunch hit, the Fed took a generous line when it came to banks seeking to enter the energy business. Many banks had been given the green light to own energy trading units as well as physical energy assets, such as actual power plants. The profit potential from this tight linkage w
JPMorgan in expansion mode
JPMorgan Chase has fared as well as any bank in the credit crunch. It has emerged as one of the Big Four and seems to be bent on strategic expansion in a way that Citi is not. Case in point: JPMorgan will buy two units from UBS, a Canadian commodities energy business and its global agricultural bu
