17.01.2013 - Goldman, JPMorgan fourth quarter commods risk dives versus 2011
Goldman Sachs Group Inc on Wednesday said its commodities revenue suffered in the final quarter of 2012, while JPMorgan Chase & Co reported a plunge in trading risk from a year ago. Analysts said falling oil, metals and grains prices as well as higher trading uncertainties as the United States appeared headed for a fiscal crisis toward year-end created a weaker trading environment for commodities. Goldman Sachs, Wall Street's leading investment bank, said its value-at-risk (VaR) in commodities stood at $20 million in the fourth quarter, down from $22 million in the third quarter and $26 million a year ago...............................................Full Article: Source
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