Bank of America Corporation (NYSE:BAC) – Bank exits boost utilities, funds in Europe gas and power trading

February 19, 2014 at 10:46 AM EST

[Reuters] – LONDON/FRANKFURT (Reuters) – Tougher European financial regulations have prompted banks to leave power and gas trading, meaning greater dominance by utilities and trading houses and less appeal for investors. The global . . . → Read More: Bank of America Corporation (NYSE:BAC) – Bank exits boost utilities, funds in Europe gas and power trading Similar Articles: Company Update – JPMorgan Chase & Co (NYSE:JPM) – 3:16 pm JPMorgan Chase: JPM -0.25% here in late-trading the only DJIA component trading lower today as the index hits a new all-time high Stock Update: Duke Energy Corporation (NYSE:DUK) – Duke Energy implodes retired Weatherspoon power plant The Goldman Sachs Group Inc.(NYSE:GS) – DONG Energy gets $2 bln capital boost from Goldman Sachs, funds

Bank of America Corporation (NYSE:BAC) [Reuters] – LONDON/FRANKFURT (Reuters) – Tougher European financial regulations have prompted banks to leave power and gas trading, meaning greater dominance by utilities and trading houses and less appeal for investors. The global commodities market for banks has shrunk to about $4 billion from as high as $12 billion at the end of the last decade, partly as a result of reflecting stricter restrictions on banks trading with their own money. JP … [visit site to read more]