Commodities trading at Goldman Sachs Group Inc., once a huge moneymaker and a central part of the bank’s DNA, is on the chopping block. Goldman plans cuts to its commodities arm after a monthslong review showed the business uses too much capital for too little profit, according to people familiar with the matter. Executives are discussing pulling back in some areas, such as the physical trading of iron ore, platinum and other metals, and reducing costs associated with the sprawling storage and transportation network required...

Source: Wall Street Journal February 05, 2019 15:55 UTC