Deutsche Bank to scale back commodities business

LONDON Thu Dec 5, 2013 9:48am EST

LONDON Dec 5 (Reuters) - Deutsche Bank said on Thursday it was significantly scaling back its global commodities business in response to regulatory changes.

Deutsche Bank will exit energy, agriculture, base metals and dry bulk trading, it said in a statement on its website.

Its financial derivatives and precious metals businesses would continue to operate, it said.

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