| China's ICBC Standard Bank said on Monday that is has agreed to buy Barclays' London precious metals vaulting business as it moves to expand its capabilities in precious metals clearing and storage services.
The agreement, which is due to close in July, will make ICBC Standard the only Chinese bank to operate a vault in London, a key trading and storage centre for precious metals. The facility, used to store gold, silver, platinum and palladium, is one of the largest in Europe...............................................Full Article: Source
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