Deutsche Bank open to offers for London gold vault: sources

London

DEUTSCHE Bank is open to offers for its London-based gold vault following the closure of its physical precious metals business, three sources familiar with the matter said on Wednesday. "If the right offer came along, then the bank would sell the London vault," one source close to the situation said.

The German bank shut its physical precious metals trading arm last month as it further reduced its exposure to commodity markets. The bank shut its other physical commodities business, covering energy, base metals and dry bulk commodities in December 2013.