Is This the End for JPMorgan's Blythe Masters?

Masters Photograph by Joshua Roberts/Bloomberg

Today JPMorgan Chase announced that it will sell its physical commodities unit to Mercuria Energy Group, ridding itself of a source of controversy and potential regulatory troubles and bringing in $3.5 billion in cash. The Dodd Frank-Volcker Rule and the Federal Reserve were both threatening to make owning and trading commodities more problematic for banks, and further regulatory issues are the last thing JPMorgan needs right now.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.