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Commodities Briefing - Categorized | Financial, Trends more

Goldman says commods revenue down significantly in Q3

Posted on 17 October 2012

Goldman Sachs Group Inc said significantly lower revenues from commodities dragged down its trading businesses in the third quarter, singling out weak performance by an unit that had once been a pride of Wall Street’s biggest investment bank.
Goldman posted a profit for the quarter, saying trading of fixed income, currency and commodities done on behalf of its clients contributed nearly 30 percent more revenue compared with the second quarter………………………………………..Full Article: Source


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