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Commodities Briefing - Categorized | People, Trading more

CEO Blankfein says commodities trading is ‘core’ to Goldman

Posted on 19 September 2013

Goldman Sachs Group Inc Chief Executive Lloyd Blankfein made his most public commitment to the bank’s commodity trading business on Wednesday, even as regulators consider measures that may push Wall Street out of physical markets.
While rival JPMorgan Chase & Co decided in July to quit trading in the physical raw material markets and Morgan Stanley has publicly weighed spinning off all or part of its vast franchise, Goldman has remained steadfast………………………………………..Full Article: Source


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