big-bank-sitting-on-a-big-pile-of-copper: Personal Finance News from Yahoo! Finance: "- Sent using Google Toolbar"
P. Morgan's copper moves illustrate how the bank has emerged as a major player in world commodities markets after spending more than $2 billion on a series of acquisitions. Under the leadership of executive Blythe Masters, the commodities unit expanded to 1,800 employees, de-emphasized risky proprietary trading and boosted its reliance on client revenue. But performance has fallen short of expectations this year amid trading stumbles.
Wednesday, December 8, 2010
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