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JP Morgan to buy MF Global stake in LME

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JP Morgan to buy MF Global stake in LME

Postby marblerye » Wed Nov 23, 2011 10:59 am

More consolidation of power and control for the metal manipulators. JP Morgan will become the biggest shareholder in the London Metal Exchange, with ~11% stake. GS is the next biggest shareholder of LME, with a 9.5% stake.

http://www.ft.com/intl/cms/s/0/f85f7be2 ... z1eS2bQB3R
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