The proposed cuts come after Goldman reported an 18 percent decline in its fourth-quarter fixed income, currency and commodities business, which used to be a bigger and more profitable part of the (Reuters) - Goldman Sachs Group Inc (NYSE: GS) plans to chop its commodities business after a months-long review showed the business was using too much capital for too little profit, the Wall Street Journal reported, citing people familiar with the matter. Goldman is discussing pulling back in physical trading of iron ore, platinum and other metals, the WSJ report said, adding the reductions Goldman Sachs plans cuts in commodities trading unit: WSJ. Goldman Sachs Group Inc plans to chop its commodities business after a months-long review showed the business was using too much The proposed cuts come after Goldman reported an 18 percent decline in its fourth-quarter fixed income, currency and commodities business, which used to be a bigger and more profitable part of the bank’s central operations once upon a time. Goldman Sachs was not immediately available for a comment.
Washington - Goldman Sachs Group Inc plans to chop its commodities business after a months-long review showed the business was using too much capital for too little. Washington - Goldman Sachs Group Inc plans to chop its commodities business after a months-long review showed the business was using too much capital for too Goldman Sachs Goldman Sachs Group Inc , once one of the most active banks in commodities trading, has cut 10 roles to further downsize its global commodities trading division amid rising costs and shrinking Commodities trading at Goldman Sachs, once a huge moneymaker and a central part of the bank’s DNA, is on the chopping block. Goldman Plans Cuts in Commodities Trading as New CEO Digs In By Liz Hoffman . Goldman Sachs Group Inc. is planning to cut back its commodities-trading arm, once a huge moneymaker and training ground for a generation of executives including former chief Lloyd Blankfein.. The retreat follows a monthslong review under new Chief Executive David Solomon that showed the commodities business's dwindling profits don't justify its costs, according to people
Commodities trading at Goldman Sachs, once a huge moneymaker and a central part of the bank’s DNA, is on the chopping block. Goldman Plans Cuts in Commodities Trading as New CEO Digs In
(Reuters) - Goldman Sachs Group Inc (NYSE: GS) plans to chop its commodities business after a months-long review showed the business was using too much capital for too little profit, the Wall Street Journal reported, citing people familiar with the matter. Goldman is discussing pulling back in physical trading of iron ore, platinum and other metals, the WSJ report said, adding the reductions Washington - Goldman Sachs Group Inc plans to chop its commodities business after a months-long review showed the business was using too much capital for too little. Washington - Goldman Sachs Group Inc plans to chop its commodities business after a months-long review showed the business was using too much capital for too Goldman Sachs Goldman Sachs Group Inc , once one of the most active banks in commodities trading, has cut 10 roles to further downsize its global commodities trading division amid rising costs and shrinking
5 Feb 2019 Commodities trading at Goldman Sachs, once a huge moneymaker and a central part of the bank's DNA, is on the chopping block. 5 Feb 2019 Goldman Sachs plans on making cuts within its commodity trading platform, according to a Wall Street Journal report on Tuesday. The report 5 Feb 2019 Goldman Sachs Group Inc. is considering plans to reduce the capital Commodities one target for cuts, say people briefed on matter. Goldman May Shrink Fixed-Income Trading Unit as Blankfein Defends Buybacks 5 Feb 2019 Commodities trading at Goldman Sachs Group Inc., once a huge moneymaker and a central part of the bank's DNA, is on the chopping block. 5 Feb 2019 Goldman Sachs (GS +0.1%) is looking at ways to reduce the capital its fixed- income trading success plans to shift more resources to lending to clients in the One target is commodities--where senior managers have been asked to Also, market-making is too big in the fixed-income trading units, senior