BNP Paribas to buy HSBC’s German private banking arm
HSBC Sells German Private Banking Business To BNP Paribas
HSBC Holdings plc (NYSE:HSBC) shares are trading higher after the company inked a deal with BNP Paribas (OTC:BNPQY) to sell its private banking activities in Germany. The financial details were not disclosed.
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.
BNP Paribas to buy HSBC’s German private banking arm
BNP Paribas has agreed to buy the private banking operations of HSBC in Germany as it accelerates its expansion drive in a deal that will grow its exposure to wealthy entrepreneurs in Europe’s biggest economy.
BNP Paribas Expands Wealth Management With HSBC Deal
BNP Paribas acquires HSBC’s German private banking unit, boosting assets under management to €40bn, enhancing its eurozone wealth management
BNP Paribas Acquires HSBC's Private Banking Business in Germany
The deal will bring BNP Paribas' assets under management to over €40 billion. The bank did not disclose the purchase price.
HSBC to Divest German Private Banking Business to BNP Paribas
HSBC announces an agreement to sell its Germany-based private banking business to BNPQY. This is part of its plan to focus on the Asia region.
Live news: BNP Paribas to buy HSBC’s German private banking arm
BNP Paribas has agreed to buy the private banking activities of HSBC in Germany, saying the deal would grow is exposure to entrepreneurs in the country. The eurozone’s biggest bank did not disclose any financial details of the purchase.
BNP Paribas to buy German private banking unit from HSBC
BNP Paribas has signed an agreement with HSBC Holdings to buy the UK-based lender’s private banking operations in Germany, according to a statement on Monday (Sep 23). Read more at The Business Times.
BNP Paribas to buy HSBC’s private banking business in Germany
BNP Paribas said on Monday that it has agreed to buy HSBC’s private banking activities in Germany, as it looks to position its wealth management arm "among the top leading players in Germany" and bring its assets under management to more than €40bn.
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