| Goldman Sachs now leads global banks in commodity trading revenues, overtaking JP Morgan in 2014. A report by Coalition, a financial analytics company, found that while rival banks backed out of the commodity business due to volatility and an increasingly restrictive regulatory environment, Goldman Sachs’ decision to remain in the game has reaped dividend.
Collectively, banks enjoyed a 9% increase in commodity revenue in 2014, despite the chronically low prices of some key commodities. Total revenue was US$4.9bn in 2014 and while it was the first upward tick since 2011, it still represents a fraction of the combined US$14.1bn banks were taking in before the crisis in 2008...............................................Full Article: Source
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