Reuters reports that at least 20 commodities traders, several senior, have left Goldman Sachs in the past months, dealing a blow to Wall Street's long-time king of commodities as talent moves to better paying trading houses and hedge funds.
The departures, according to around a dozen insiders and trading sources, mirror the exodus of traders from rival banks over the past two years. The outflow is driven by shrinking profits and tighter regulation of banking, which gives funds and trading houses greater scope to trade and to reward success...
Goldman said the departures will not have an impact on its
standing in commodities….
Read more at http://www.reuters.com/article/2012/03/29/goldman-commodities-idUSL6E8ES9I220120329
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