It’s looking like another bad year for the biggest banks when it comes to commodities. Revenue from raw materials at Goldman Sachs Group Inc., JPMorgan Chase & Co. and 10 other top banks slid 25 percent in the first half to $2.2 billion from a year earlier, according to analytics firm Coalition Development Ltd.
That was the lowest first-half amount in at least half a decade amid a "lackluster" performance across energy and industrial metals, the company said in a report on Tuesday...............................................Full Article: Source
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