BNP PARIBAS SIGNS DEAL TO BUY HSBC PRIVATE BANKING UNIT IN GERMANY

BNP Paribas <BNPP.PA> has signed a deal to buy HSBC's private banking unit in Germany as it continues to expand its footprint in wealth management, the French lender said on Monday.

The deal, which BNP said should be closed in the second quarter of 2025, will push the bank's assets under management over the mark of 40 billion euros ($44.64 billion).

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