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Commodities revenue at top 10 banks seen dropping 14pct this year

Posted on 15 November 2013

Commodities revenue at Goldman Sachs Group Inc., Morgan Stanley (MS) and the other companies making up the 10 largest investment banks will fall 14 percent this year, according to analytics company Coalition Ltd.
Revenue will drop to $4.7 billion from $5.5 billion in 2012, Coalition said today in a report. In 2013’s first nine months, commodities revenue at the banks slid 18 percent from a year earlier to $4 billion, the report showed………………………………………..Full Article: Source


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