Energy Risk US Coal House of the Year Award: JP Morgan
Energy Risk US Coal House of the Year Award: JP Morgan
A transformational restructure of its coal business last year allowed JP Morgan to increase the offerings of its US business, integrate internationally and align itself better with changing market fundamentals, winning it Energy Risk's 2011 US Coal House of the Year award.
JP Morgan has shown continued commitment to the coal market, in spite of exposure to coal trading losses through its European business in the second quarter of 2010. It implemented key structural changes in the aftermath of
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