| Goldman Sachs earned back its place as the largest bank by commodities revenue as competitors including JPMorgan Chase scaled down or abandoned the raw materials business. JPMorgan, which made the most money from commodities among the top 10 investment banks in 2013, ranked second last year and Morgan Stanley was third, according to a report published Friday from Coalition, a London-based business analytics firm.
JPMorgan sold part of its physical commodities business to trading house Mercuria Energy Group last year, while Barclays, Deutsche Bank and Credit Suisse retreated amid regulatory scrutiny and pressure from lawmakers. The Bloomberg Commodity Index of 22 raw materials slumped 17 per cent in 2014, a fourth annual drop, as energy prices plunged...............................................Full Article: Source
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