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Goldman Sachs May Profit from Commodities Exodus

Barclays announced that it's exiting most commodities businesses, following JPMorgan and Morgan Stanley; Goldman Sachs stands to benefit.

By Ambereen Choudhury, Bloomberg | Updated on April 23, 2014

Goldman Sachs Group Inc., whose three top executives began their careers at the firm in the commodity-trading unit, is poised to gain market share as pressure from regulators drives competitors to scale back.

Barclays Plc, the U.K.’s second-largest bank, said that it’s exiting commodities businesses other than trading precious metals and derivatives tied to oil, U.S. gas, and commodity indexes. In January, the London-based bank cut jobs in the group that traded raw materials and in February shut power-trading desks in the U.S. and Europe.

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