8
February
JP Morgan takes gold collateral, inflation in focus
8 February 2011 Reuters
J.P. Morgan Chase said on Monday it would accept physical gold as collateral with its counterparties as a growing number of clients look to use bullion as a hedge against inflation.
The bank, which is one of the custodians of physical metals for some of the world's largest precious-metal backed exchange-traded funds, said it would take gold as collateral to satisfy securities lending and repurchase obligations with counterparties.
http://www.reuters.com/article/2011/02/07/us-jpmorgan-gold-idUSTRE7162SG20110207
