| Commodities revenue at the 10 largest banks slumped 24% in 2012, the first drop since at least 2008, according to analytics company Coalition. The total fell to $6 billion from $8 billion in 2011, London-based Coalition said in a report on Friday. The lenders' investment banking revenue rose 10% to $159 billion, the first gain in three years, it estimated.
The Standard & Poor's GSCI Spot Index of raw materials rose 0.3% last year, the smallest annual change since 1985 and its worst performance in four years. The gauge's 100-day historic volatility last year reached the lowest level since at least 2002, when Bloomberg data started...............................................Full Article: Source
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