At the beginning of February, Goldman Sachs’s chairman and CEO, Lloyd Blankfein told investors that the bank is willing to deploy more capital in its beaten up fixed-income, currency and commodities trading business to respond to a ” more attractive opportunity set” in the current market environment.
This announcement from the bank followed it’s 2017 results, which recorded a steep drop in FICC Trading income of 30% to $5.3 billion. Even though the entire industry suffered a drop-in revenues, Goldman’s declined was the largest.
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