Wall Street commodity revenues crashed last year to their lowest on record, as tighter regulation and limited price swings squeezed the once dominant traders of Goldman Sachs Group Inc (GS.N), JPMorgan Chase & Co (JPM.N) and Morgan Stanley (MS.N).
All three firms reported double-digit percentage declines in revenues for oil, grains and copper trading in 2012, illustrating how the one-time 'Wall Street Refiners' have withered in the face of subdued markets and restrictions on proprietary trading.
- 1Dollar turns broadly higher after jobs report
- 1U.S Dollar Rises to 6-Week High Versus Yen as Jobs Gain Backs Taper | Top Forex Brokers
- 1U.S. Stock-Index Futures Rise After Payrolls Report
- 1U.S. economy adds 175,000 jobs in February
- 1U.S. job growth accelerates, weather cuts into hours worked
- 1Payrolls in U.S. Rise More Than Forecast; Jobless Rate Climbs | Top Forex Brokers
- 2Stocks Extend Six-Year High as Yen Weakens; Bunds Decline
- 2ECB holds rates, looks at back door measure to loosen policy | Top Forex Brokers
- 2U.S. jobless claims tumble to three-month low
- 2Jobless Claims in U.S. Fall to Lowest Level in Three Months
Become Our Fan
apple asia stocks asian stocks australian dollar bernanke boj china dollar ecb economy economy news eur eur/usd euro euro zone europe stocks european central bank european stocks eurozone eurusd facebook fed federal reserve forex forex news forex trading fx gbp/usd gold greece imf japan nfp obama oil pound spain stock stocks swiss franc u.s dollar u.s. dollar u.s. economy u.s. stock u.s. stock futures u.s. stocks us dollar usd wall street yen