BNP Paribas signs deal to buy HSBC private banking unit in Germany

BNP Paribas News

BNP Paribas signs deal to buy HSBC private banking unit in Germany
HSBCPrivate BankingWealth Management
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PARIS (Reuters) -BNP Paribas has signed a deal to buy HSBC's private banking unit in Germany as it continues to expand its footprint in wealth management, ...

PARIS -BNP Paribas 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.

"This acquisition will allow us to consolidate our position as the top player in private banking in the eurozone," Vincent Lecomte, a BNP executive, said in a statement.

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