Market News Goldman Q4 commodities trading risk nearly flat vs Q3 |
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NEW YORK (Reuters) - Goldman Sachs Group Inc reported Wednesday its commodities trading risk in the final quarter of 2011 was nearly flat from the previous quarter and up 13 percent from a year Value at risk (VaR) in commodities stood at $26 million per day in the fourth quarter, versus $25 million in the third quarter and $23 million in fourth quarter 2010, the Wall Street investment bank and broker said in its quarterly results. VaR is an industry measure for the maximum amount of money a bank is willing to risk in a day for trading a particular asset class. (Reporting by Barani Krishnan) Authors: Commodities - Yahoo! News Search Results |
