Home / Business / Chinese Bank to Buy Giant London Gold Vault

Chinese Bank to Buy Giant London Gold Vault

LONDON—ICBC Standard Bank PLC pronounced on Monday it is shopping a precious-metals safe from Barclays PLC’s, in a latest pierce by a Chinese bank to boost a purpose in a market’s infrastructure.

The pierce creates primogenitor ICBC, a world’s biggest bank by assets, a initial Chinese lender to possess a safe in London and extends a change in changed metals from pricing to storage. With China a largest consumer of many metals, the…

Article source: http://www.wsj.com/articles/chinese-bank-to-buy-giant-london-gold-vault-1463408198

InterNations.org