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Commerzbank to close physical precious metals business

Commerzbank is to close its physical precious metals business in the next year, a source with direct knowledge of the matter said on Thursday.

The businesses that will be discontinued by Germany's second-biggest listed bank include physical precious metals trading and related services, the source said.

No change is expected to the bank's unallocated products business, the source added.

Commerzbank to close physical precious metals business