17.07.2013 - Goldman Sachs pares commodities risk in second quarter
Goldman Sachs Group Inc trimmed its commodities trading risk in the second quarter as raw materials prices declined,quarterly results from the Wall Street investment bank showed on Tuesday. Goldman's Value-at-Risk in commodities stood at $19 million per day in the second quarter, down $2 million from the first quarter and $1 million lower than a year earlier. VaR is a measure of the maximum amount of money a bank is prepared to lose in a day from trading a particular asset class...............................................Full Article: Source
Print