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Deutsche Bank has bought a 49% stake in London Dry Bulk, a specialist physical and financial iron ore broker with offices in Hong Kong, China, India and London.
London Dry Bulk said in a statement that the deal would help it develop the iron ore...
“At our current funding level, the Commission is under serious strain. We lack the staff and resources necessary to both implement Dodd-Frank and continue to fulfil our pre-Dodd-Frank duties under the Commodity Exchange Act. Without additional funding, the strain will only become worse in July, when much of Dodd-Frank goes into effect.”
The CFTC's Michael Dunn pleads for Congressional support over the regulator's budget.