US Banks Sell Commodities Units But Keep Market Presence

摘要

Morgan Stanley’s deal to offload much of its storied commodities unit in a sale to Russian firm Rosneft could face obstacles in the wake of the Crimea crisis. The bank took care to keep assets that might impact US national security off the table. Midstream firm Buckeye Partners took over heating oil infrastructure in the US Northeast and Morgan Stanley is holding onto its TransMontaigne subsidiary, for now (JFI Mar.24’14).