Goldman Sachs Estimates Derivatives May Provide 35% of Revenue
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Goldman Sachs Group Inc., which makes more money from trading than any other bank, estimates that 25 percent to 35 percent of its revenue comes from derivatives, a spokesman said.
The New York-based firm, whose executives have said that they didn’t know how much of their money came from derivatives, provided the information in response to a request from the Financial Crisis Inquiry Commission, spokesman Lucas van Praag said. The Wall Street Journal reported Goldman Sachs’s response late yesterday on its website.