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Deutsche Bank Scaling Back on Commodity Trading

Deutsche Bank AG (USA) (NYSE:DB) is reducing its involvement in commodities trading as a result of weak revenues and tougher industry-wide regulations. The move according to the bank will have no significant impact on overall earnings. Deutsche will eliminate their energy, agriculture, base metals, and dry bull trading desks. However, the precious metals and derivative units will be transferred over to fixed income and currencies operations. Other big banks are also shrinking their commodities divisions as a result of expanded reverse requirements by the Fed.