Deutsche Bank to resign as London bullion clearer
By GCRU Gold News on Thursday, August 20 2015, 23:16 - Permalink
Deutsche Bank is to sever its last link with commodity trading by resigning as a clearing member of the London gold and silver over-the-counter business, two industry sources close to the matter said on Thursday.
The move leaves five banks - Barclays, HSBC , Bank of Nova Scotia, JP Morgan and UBS - to settle daily bullion transactions between dealers, amounting to more than $5 trillion worth of metal each year.
Deutsche Bank to resign as London bullion clearer
Too embarressed to say why...manipulation of markets perhaps....