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Wall St commodity slump deepens in Q1, led by Morgan Stanley

Posted on 16 May 2013

Global investment banks suffered another bruising decline in commodity trading in the first three months of this year, new reports showed on Wednesday, with Morgan Stanley’s revenues collapsing to a quarter of what they were a year ago. Morgan Stanley Q1 commodity revenues fall 77 pct.
While industry heavyweights Goldman Sachs and JPMorgan reported slightly higher revenues year-on-year in detailed quarterly filings made with the SEC in the past week, the overall sector continues to be squeezed by increased regulation, tepid markets, and low levels of client activity…………………………………….Full Article: Source


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