Top Financial Shares:
Financial shares were mixed in pre-market session Wednesday
ahead of a policy announcement from the Federal Open Market
In financial stocks news, JPMorgan (
) has agreed to sell its physical commodities business to Swiss
trade house Mercuria for $2.5 billion, Reuters reported
The details of the transaction weren't clear yet. But the U.S.
investment bank reportedly valued its physical commodities business
at $3.3 billion when it first put it up for sale in October due to
rising regulatory and political pressure.
And, Fortress Investment Group (
) is teaming up with hedge fund Pantera
Capital in a new investment venture, Pantera Bitcoin Partners,
which buys and sell virtual currencies, the New York Times
FIG is flat at $7.97, trading in a 52-week range of $561 to
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.