Deutsche Bank Agrees to Sell Parts of Equities Business to BNP Paribas
23 Septembre 2019 - 8:55AM
Dow Jones News
By Kim Richters
Deutsche Bank AG (DBK.XE) said Monday that it has reached an
agreement with BNP Paribas SA (BNP.FR) to transfer its prime
finance and electronic equities business to the French bank.
The German lender said that the agreement provides continuity of
service to its clients.
The bank will transfer technology and key staff to BNP, it
said.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
September 23, 2019 02:40 ET (06:40 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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