EXOGEN: The world's biggest bank just bought a 'secret' gold vault in London
Business Insider By Elena Holodny May 17, 2016 7:54 PM
The world's biggest bank by assets just bought a secret gold vault in London.
China's ICBC Standard Bank agreed to buy one of Europe's largest gold vaults from Barclays, according to Bloomberg.
The deal is expected to be completed in July, although no additional financial details were given.
The vault is in a "secret" location and can hold up to 2,000 metric tons of gold, silver, platinum, and palladium. It was opened by Barclays in 2012.