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Goldman Sachs reviewing commodities business

Goldman has for decades boasted the leading commodity franchise among Wall Street banks

Jack Farchy & Dakin Campbell | Bloomberg 

Goldman Sachs Group is reviewing its commodities business after a slump in the first half of the year, according to people with knowledge of the matter. While the bank flagged the poor results for the first quarter — without giving specific numbers — the weakness has continued and the unit’s start to the year has been the worst in more than a decade, said one of the people, who asked for anonymity to discuss internal deliberations. The commodities division was one of the topics of discussion at a board meeting held in London last month, the people said. Goldman ...

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First Published: Tue, July 04 2017. 02:42 IST