23.04.2014 - Goldman Sachs unbowed as Barclays joins bank commodities exodus
Goldman Sachs Group Inc., whose three top executives began their careers at the firm in the commodity-trading unit, is poised to gain market share as pressure from regulators drives competitors to scale back. Barclays Plc, the U.K.ís second-largest bank, said that itís exiting commodities businesses other than trading precious metals and derivatives tied to oil, U.S. gas and commodity indexes. In January, the London-based bank cut jobs in the group that traded raw materials and in February shut power-trading desks in the U.S. and Europe...............................................Full Article: Source
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