Declining commodities revenue at rival firms is allowing Deutsche Bank to burst into the top league in commodities, the German bank claims.
Among global banks, Morgan Stanley and Goldman Sachs are the traditional twin leaders in global commodities trading. Their lead will be hard to beat, says one banker, especially in physical trading, where capabilities are best built up over decades.
Nonetheless, other banks, notably JPMorgan, are eager to catch up. Commodity trading is a strategic growth priority for Deutsche Bank.
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