Being turned away at the door at Cain can be a humiliating experience. Being turned away after flashing your American Express Centurion card is beyond the pale. This is, of course, what the judge means when she tells you that you have to keep your ex-wife in the "style to which she has grown accustomed." Ouch. Smile though. Goldman, too, must endure the slings and arrows of restrictive door policies. Smile for ten minutes. Then stop smiling. If Goldman isn't a viable counterparty, who is?
Goldman Sachs, the biggest oil trader on Wall Street, has been restricted from making a market in price assessment agency Platts' daily oil trading window as counterparty anxiety grows, two sources familiar with the move said on Monday.
Goldman is the latest in a series of major investment banks to be placed under a so-called 'review' by Platts, which has said it may sometimes need to limit the activities of some companies in its half-hour price-discovery process if their acceptability by counterparties threatens to distort benchmark prices.
Goldman faces limits in Platts oil window-sources [Forbes.com]