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JPMorgan unit can sell Texas power at market rates despite ban
Reuters: Business News
Wed, 21 Nov 2012
HOUSTON (Reuters) - A federal regulator's order penalizing JP Morgan Chase & Co's energy trading arm will not affect the unit's business activity in the Texas wholesale power market, state and federal agencies said on Wednesday.
Morningstar's Jaime Peters checks in on the current health and outlook for Citi, J.P. Morgan, and BofA following release of their second-quarter results.