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Commodities Briefing - Categorized | Market Moves, Trading more

Goldman’s commodity trade ‘too important’ to quit: CFO

Posted on 17 January 2014

Goldman Sachs Group Inc (GS.N) reaffirmed its intent to remain in the commodities trading business, deeming it “too important” to clients to exit, a top executive said on Thursday.
The bank’s restated determination to retain its vaunted J. Aron trading business, even as some rivals shed physical trading operations, comes one day after lawmakers at a U.S. Senate hearing pressed the Federal Reserve to quicken efforts to crack down on what they see as risky business………………………………………..Full Article: Source


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