City Of London
Deutsche Bank Seeks to Re-Join Key Gold Trading Club in London
- German bank applies to join London Bullion Market Association
- The move is part of Ram Nayak’s drive in fixed-income business
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Deutsche Bank AG has applied to re-join the London Bullion Market Association — the world’s foremost standard setter for gold trading — as the German lender seeks to expand its trading unit.
The LBMA application “brings us into line with other banks that offer precious metal services,” Deutsche Bank said in a statement Friday. “It reflects the careful growth of our precious metals business in recent years, and growing client demand for our services.”