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JPMorgan may exit physical commodities business

Exit Sign

JPMorgan announced on Friday that it is pursuing "strategic alternatives" for its physical commodities business, including any holdings of commodities assets and its physical trading operations.

Fabulous Fab's $1bn deal that nearly wasn't

John Paulson

The infamous transaction at the heart of the trial of former Goldman executive Fabrice Tourre almost never happened because Paulson & Co., the hedge fund that successfully wagered that the housing market would crash, almost backed out.