JPMorgan Finalizes Sale Of Physical Commodities Unit For $3.5 Billion

The bank's quick exit from the physical commodities business comes on the heel of a debate sparked off last year in the Senate of whether banks that accept deposits should be allowed to trade in physical commodities. JPMorgan and Goldman Sachs have also been under fire from regulators for allegedly manipulating prices of energy and commodities by leveraging their sizable presence in the market.