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Commodities Briefing - Categorized | Financial, Market Moves more

Goldman’s commodities risk taking falls

Posted on 18 January 2013

Goldman Sachs has reduced its risk taking in commodities to the lowest in eight years, the clearest sign of how Wall Street is facing up to tighter regulation. Goldman is the largest bank in commodities by revenues.
At its latest results presentation, the bank said on Wednesday it could have lost a daily $22m last year on average when measured by the so-called “value-at-risk” ratio, the lowest since 2004, when it was at $20m, and half the $44m of 2008, at the peak of the commodities boom………………………………………..Full Article: Source


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