Lamport Bassitt Solicitors - Legal News - JPMorgan Chase discussing RBS Sempra trading book


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS JPMorgan Chase discussing RBS Sempra trading book JPMorgan Chase appears to be the favourite to confirm a management buy-out by purchasing the remaining infrastructure of the Royal Bank of Scotland's Sempra Commodities, according to a Financial Times report from this Monday. The financial services firm bought part of RBS Sempra earlier this year, securing the company's global oil, metals, coal and European power and gas business for $1.6 billion (£1.1bn), but French bank Societe Generale is also said to be contemplating a move. This news comes after business secretary Vince Cable confirmed that the government is to begin a full review into corporate governance and economic short-termism. The government will instigate a complete review in the autumn, while potential areas of interest include the motivation behind short-termism and how boards set out their long-term objectives. Mr Cable discussed the move, saying: "Short-termism and shareholder disengagement are an increasing problem for our economy." Posted by Gaby Hamerton Related Articles: 22/9/2011 - Manufacturers targeting strategic acquisitions to drive growth 21/9/2011 - Mergers and acquisitions rule changes take effect 14/9/2011 - Govt wants to make London a 'legal hub' for the world 12/9/2011 - ICB banking reforms: banks set to be given until 2019 to prepare 8/9/2011 - Banking reforms in danger of being 'watered down' More Corporate Law News