Goldman Partners See Huge Bonuses As Commodity Desk Revenue Explodes
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It wasn't that long ago that many wondered if Goldman's commodity desk - once among the most powerful and profitable on Wall Street - would be quietly shut down as a result of sliding profits. Indeed, as we reported at the time, after a 75% plunge in commodity revenue at the vampire squid, which hit an all time low of less than $300 million in the year that saw the longest stretch of single-digit VIX prints on record, the future for Goldman's commodity team was bleak. GOLDMAN COMMODITY REVENUE SAID TO DROP 75% TO LOWEST ON RECORD: BBG — zerohedge…
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