Goldman Sachs

According to Bloomberg, Goldman Sachs is trying to find a bidder for their uranium trading unit as the price of uranium continues to fall and regulators start to tighten up on the banks physical trading units.  The Federal Reserves is scrutinizing banks due to lawmakers and regulators concerns that the banks abuse their roles in physical commodities markets.

This comes a month after JP Morgan announced they would seek a $3.3 billion sale of its own physical commodities business.  JP Morgan is creating a shortlist of buyers for their physicals business.  Goldman says they remain committed to their physical commodities business as a whole.

Read: Goldman Sachs Said to Seek Buyer for Uranium Unit