| Goldman Sachs Group closed a near 35-year era of investments in commodity assets such as power plants and refineries with the sale of a Colombian coal mine. The disposal is the latest sign of how Wall Street banks are responding to pressure from US regulators and disappointing returns as raw materials prices plunged.
Goldman Sachs has invested in physical commodity assets since 1981, when it bought what was then a small trading house called J Aron. Over the years, the company has owned oil refineries in Rotterdam, power plants in Virginia and Colorado, and warehouses to store aluminium and copper around the world...............................................Full Article: Source
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