Banks Tap Jet,Logistics For New Revenue

摘要

As gains from energy derivatives diminish with falling oil prices, investment banks are looking elsewhere for new sources of revenue. And increasingly, they are turning to fuel procurement The recent takeover of jet fuel supply and logistics assets from Delta Air Lines by J. Aron & Co., the trading arm for Goldman Sachs, follows the lead of Morgan Stanley, which did a similar deal with United Airlines three years ago (PIW Jun.12,p2).