You are here

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


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...

Market voices on: