But the lender has continued trading commodities, and held onto the title of largest bank by commodities revenue in the first half of the year, according to London-based analytics firm Coalition. The firm wrested the No. 1 position from JPMorgan Chase & Co. in 2014 as its rival took steps to exit certain commodities activities.
“Our commodities activities, particularly our physical commodities activities, subject us to extensive regulation and involve certain potential risks, including environmental, reputational and other risks that may expose us to significant liabilities and costs,” Goldman Sachs disclosed earlier this year.
This article was provided by Bloomberg News.