Article: Germany: Deutsche Bank to Add Coal, Gas, Shipping in Commodity Expansion.

Byline: sander03

Deutsche Bank AG, after quadrupling revenue from commodities in two years, plans to add coal, European natural-gas and shipping to its business, anticipating a rebound in demand and prices.

Germany s biggest bank expanded its commodities team by about 10 percent this year, David Silbert, global head of the unit, said in a March 25 interview in London. He declined to provide specific figures.

Deutsche Bank s growth contrasts with that of Zurich-based UBS AG, which agreed to sell its industrial metals, oil and U.S. power and gas assets to Barclays Plc in January. The Reuters/ Jefferies CRB Index of 19 commodities dropped 6.3 ...

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