JPMorgan Leads Talks to Contain Nickel Crisis Damage - The Wall Street Journal

The meltdown bled into the financial system, with nickel giant Tsingshan’s brokers owed several billion dollars in the upfront cash required to make trades

Some of the worlds biggest banks worked over the weekend to resolve a crisis in the nickel market that leaves them on the hook for billions of dollars owed by a Chinese metals giant. JPMorgan Chase… [+417 chars]

full article...