Sale of last commodity asset ends 35-year chapter for Goldman
Disposal of Columbian coal mine is latest sign of US banks' response to poor returns, pressure from regulators
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London
GOLDMAN Sachs Group Inc closed a nearly 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.
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