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.
- 2Ukraine Fighting Surges as Russian-Backed Forces Gain
- 2U.S. Stocks Rise, Poised for Best Month Since February
- 2Draghi dials R for Reform. Line is busy
- 2Euro Set for Seventh Weekly Decline as Regionâ€™s Inflation Slows | Top Forex Brokers
- 2Kiev says Russian troops have entered eastern Ukraine
- 2Pending home sales climb 3.3% in July to reach 11-month high
- 2U.S. Stocks Drop on Ukraine Conflict, Retailer Earnings
- 2Yen Gains on Haven Bid Amid Ukraine Tension; Euro Drops
- 2Dollar General says committed to Family Dollar deal
- 2Crisis deepens as Ukraine says Russian troops back rebel advance
Become Our Fan
apple asia stocks asian stocks australian dollar bernanke boj china dollar draghi ecb economy 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 google greece imf obama oil pound spain stock stock market 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