Marketplace for 7/23/13 - Yo quiero kids meal
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The Senate Banking Committee is holding a hearing on bank investments in things like warehouses and oil refineries, and commodities such as metals and oil. Banks have jumped head first into the commodities markets. And more interestingly, news of a company divesting in a market. Taco Bell is getting rid of its kid's meals. The fast food chain says packaged meals for kids don't make enough money.
Posted In: Wall Street, aluminum
Banks are coming under scrutiny for doing business outside of banking, like owning metal warehouses and power plants. The Senate Banking Committee and federal regulators are looking into whether big banks are profiting at the consumer's expense.