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Goldman unit paid millions in 'incentive payments' to move aluminum between warehouses, Senate report finds

By Leah Nylen ( November 19, 2014, 22:00 GMT | Insight) -- A Goldman Sachs unit paid millions of dollars to Deutsche Bank, Glencore and a hedge fund that traded in metal commodities to move aluminum between warehouses, deals that lengthened the wait time required for others to remove metal from the warehouses and likely raised the prices on aluminum, a Senate panel found following a two-year investigation.A Goldman Sachs unit paid millions of dollars to Deutsche Bank, Glencore and a hedge fund that traded in metal commodities to move aluminum between warehouses, deals that lengthened the wait time required for others to remove metal from the warehouses and likely raised the prices on aluminum, a Senate panel found following a two-year investigation....

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