Wall Street’s commodity-trading gold mine is all but tapped out. Once a booming source of bank profit, the business has been hit hard by tougher new rules and subdued markets. Revenue from trading the likes of oil, metals and soybeans dropped 16% last year at J.P. Morgan Chase and 20% at Morgan Stanley, according to securities filings.
At Goldman Sachs Group Inc., long considered the firm to beat…
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On March - 11 - 2013 Articles of Interest
