Goldman Sachs rebuts criticism of metals warehousing unit

NEW YORK, July 23 Tue Jul 23, 2013 11:57am EDT

NEW YORK, July 23 (Reuters) - Goldman Sachs Group Inc has issued its first public rebuttal of mounting criticism of its metals warehousing unit, denying that Metro International Trade Services has deliberately caused aluminum shortages and inflated prices.

In a statement on Tuesday, the bank said Metro denied that its metals warehousing unit has moved aluminum from warehouse to warehouse in order to earn more rent.

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Comments (1)
moonmac wrote:
They must be storing it for God. Lloyd says he’s doing His work for him.

Jul 23, 2013 5:33pm EDT  --  Report as abuse
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