Goldman Sachs has angrily defended itself against a public campaign claiming the bank is exacerbating global food crises through its commodity trading operations.
The Wall Street bank has dismissed as "disingenuous and downright misleading" the conclusions by the World Development Movement that its activities have led to increased food prices, food riots, and poverty around the world, writes the Telegraph. The WDM, a London-based non-governmental organisation, on Monday started an online campaign to persuade the public to report Goldman to the FSA as the biggest bank allegedly distorting commodities markets. FULL STORY...
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