Jobs will go.
November brought more bad news for believers in the eternal power of gold: the commodity saw its sharpest monthly price fall since June.
Jefferies Bache is to quit its presence on the London Metal Exchange's open outcry floor as it shifts its membership to category two or broker clearing member of the exchange, the LME said on Monday.
Goldman Sachs put its uranium trading unit up for sale as prices for the radioactive metal fall and regulatory scrutiny of banks’ commodity activities increases, a person briefed on the matter said.
Morgan Stanley’s talks to unload its commodities business are heating up against after months of fruitless negotiations with potential buyers.
Where was it ?
In 1979, Nelson Bunker Hunt and William Hunt famously bought up as much silver as they could in the commodities market.
Facing lingering questions about the oversight and profitability of their businesses, Morgan Stanley and JPMorgan Chase have taken steps to sell their commodity divisions, say people familiar with the matter.
JPMorgan has launched the sale of its physical commodities business, circulating offering documents to potential buyers and valuing the assets at $3.3bn, according to a person familiar with the matter.
The best part of Ed Miliband's new energy policy is the plan to abolish Ofgem.
Sad to report the death of a colourful character.
It's already been a tough week for job losses, and here's another firm said axing staff.
London's financial sector was last night bracing itself for another official investigation into alleged price-fixing following reports that a US regulator is considering launching an inquiry into the City's gold and silver markets.