Goldman back to number one in commodities revenues

Goldman Sachs Blink

Goldman Sachs earned back its place as the largest bank by commodities revenue after JPMorgan sold its physical raw-materials business.

Bloomberg News reports that 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 business analytics firm.

JPMorgan sold part of its physical commodities business to trading house Mercuria Energy last year.

JPMorgan, Barclays, Deutsche Bank and Morgan Stanley have withdrawn from or scaled back physical commodity operations amid regulatory scrutiny and pressure from lawmakers. 

To access the complete Bloomberg News article hit the link below:

Goldman Overtakes JPMorgan in Commodities After Mercuria Sale

Global Currency Trading Principles Said to Be Ready for Release

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts