28.01.2011 - Goldman commodities revenue was 70pct from derivatives
From Bloomberg: Goldman Sachs Group Inc., pressed by a congressionally appointed panel to describe its use of derivatives during the financial crisis, said it relied on the instruments for most mortgage trades and for revenue from commodities, interest rates and currencies. Derivatives accounted for about 70 percent to 75 percent of revenue in the firm’s commodities business from 2006 to 2009, and “half or more” of revenue from interest rates and currencies, the firm estimated, according to a report by the Financial Crisis Inquiry Commission..............................................Full Article: Source
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