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Goldman's commodity push under scrutiny after worst start to the year in a decade

Decline in profitability a blow for unit that has dominated global commodity markets

Published Wed, Jul 5, 2017 · 09:50 PM
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London

THE commodities supercycle was over, investors were losing interest and regulators were clamping down on risky trading. Most banks were retreating from commodities, but not Goldman Sachs Group Inc.

"That is a core, strategic business for us," chief executive officer Lloyd Blankfein said in a 2013 interview with CNBC.

Four years on, and Mr Bla…

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