World’s biggest bank finds rock bags instead of nickels

Australia News News

World’s biggest bank finds rock bags instead of nickels
Australia Latest News,Australia Headlines
  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 78%

London Metal exchange has cancelled all nickel trading for another week after the world’s biggest bank JPMorgan found its nickel contracts were backed by bags of rocks.

London Metal exchange has cancelled all nickel trading for another week after the world’s biggest bank JPMorgan found its nickel contracts were backed by bags of rocks. The London Metal exchange are home to most of the non-ferrous metal markets and discovered the rocks in a Rotterdam Warehouse.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SkyNewsAust /  🏆 7. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sell into rallies, JPMorgan advises clientsSell into rallies, JPMorgan advises clientsJPMorgan strategist Marko Kolanovic said he’s sticking to his call that US equities will peak in the March quarter, as the market’s resilience expires.
Read more »

JPMorgan and Deutsche to face lawsuits over Jeffrey Epstein tiesJPMorgan and Deutsche to face lawsuits over Jeffrey Epstein tiesManhattan judge allows central accusations that banks benefitted from ties to sex trafficker to proceed
Read more »

‘An o-o-old song’: Billy Waters, the African American musician who captivated 1820s London‘An o-o-old song’: Billy Waters, the African American musician who captivated 1820s LondonAs a disabled war veteran, Waters’ busking drew crowds and was portrayed in books, plays and paintings. But he died in wretched poverty and only 200 years on is his legacy being recognised
Read more »

ICC to plead for extra money to pursue Russian war crimes in UkraineICC to plead for extra money to pursue Russian war crimes in UkraineInternational court’s prosecutor to make case at conference in London after Putin warrant issued
Read more »

Star Wars and Harry Potter actor Paul Grant dies aged 56Star Wars and Harry Potter actor Paul Grant dies aged 56The actor was found collapsed outside King’s Cross station in London on Thursday afternoon
Read more »

US banks want socialism for themselves - and capitalism for everyone else | Robert ReichUS banks want socialism for themselves - and capitalism for everyone else | Robert ReichWhen banks like Silicon Valley Bank collapse, money floods to bigger ones like JPMorgan. Clients know they’re ‘too big to fail’
Read more »



Render Time: 2025-03-01 03:01:44