Goldman outlines plan for warehouse queues; bank has no plan to exit commodities

摘要

London—Goldman Sachs has laid out anseries of proposals aimed at addressing longnwait times to get aluminum out of storagenin London Metal Exchange-registered warehouses,noffering end users a swap option tonspeed up access to metal in Goldman-ownednwarehouses and calling on the LME to prioritizendeliveries to consumers in general. And,nthe bank’s President and COO Gary Cohn saidnon July 31 the company had no plans to exitnthe commodities-hedging business, which hendescribed as a “core competency.”