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Deutsche, BNP agree on transfer of global prime finance clients

Sep 24, 2019 - SNL European Financials Daily

The deal would include the migration of technology and key staff covering Deutsche Bank's global prime finance and electronic equities client portfolio to BNP Paribas.

BNP Paribas SA agreed to absorb the global prime finance and electronic equities client portfolio of Deutsche Bank AG, subject to regulatory approval.

The transfer, one of several actions under Deutsche's sweeping restructuring drive, would include the migration of technology and key staff covering the business. The Ge...