Is A Mercuria Buyout Of JP Morgan Enough To Bury Their Sins?

Factbox: JPMorgan's physical commodity trading

Wed, Feb 5, 2014, 2:32pm EST - US Markets close in 1 hr and 28 mins

Swiss trader Mercuria has become the front-runner to buy the physical commodities unit of JPMorgan Chase & Co , one of the most powerful oil and metals desks on Wall Street, two sources told Reuters.

The terms are yet to be agreed and the details of what assets would be included are not known, but a deal would catapult Mercuria into the top tier of trading houses with Glencore Xstrata , Vitol and Trafigura .

JPMorgan's multi-billion dollar push to become Wall Street's biggest commodities trader began in 2008 with the purchase of Bear Stearns and peaked with the $1.6 billion deal to buy RBS Sempra's global oil and metals business in 2010.

[link to finance.yahoo.com]

I've got some homework to do, but wasn't there, in the least, an urban legend that had JP Morgan completely screwing customers on calls for physical bullion? If JP Morgan truly couldn't cover the calls, wouldn't a buyout help to insulate them further?