You are here

Goldman vindicated in bet on commodities as rivals shy away

Mr Schwartz says Goldman Sachs views commodities hedging as a critical service for customers.

New York

GOLDMAN Sachs Group stuck with commodities trading while rivals have pulled back, and on Friday the bank felt vindicated.

While Goldman does not disclose revenue for commodities trading specifically, chief financial officer Harvey Schwartz highlighted it as a bright spot...

Market voices on: