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BNP Paribas (BNPP) acquires HSBC's (HSBC) custody business in Germany

Fri, 27 Jun 2025 08:27:03 -0400

Investing.com -- BNP Paribas (EURO: BNPP) has entered an agreement to acquire HSBC's (NYSE: HSBC) custody and depositary bank business in Germany, the company announced on Friday.

The acquisition will strengthen BNP Paribas' position as a leading custodian and top depositary bank in Germany, supporting its growth strategy in the region. BNP Paribas Securities Services, which currently has €14.3 trillion in assets under custody, will focus on expanding in the institutional funds and financial intermediaries segments.

Through this deal, BNP Paribas will also expand its products and services for insurance companies in Germany. The agreement ensures a seamless transfer of services currently

BNP Paribas (BNPP) acquires HSBC's (HSBC) custody business in Germany

Fri, 27 Jun 2025 08:27:03 -0400

Investing.com -- BNP Paribas (EURO: BNPP) has entered an agreement to acquire HSBC's (NYSE: HSBC) custody and depositary bank business in Germany, the company announced on Friday.

Through this deal, BNP Paribas will also expand its products and services for insurance companies in Germany. The agreement ensures a seamless transfer of services currently

BNP Paribas shares sink as quarterly returns underwhelm investors

Thu, 31 Oct 2024 09:08:46 -0400

Investing.com -- Shares in BNP Paribas (EPA:BNPP) slumped in European trading on Thursday after investors were underwhelmed by the results from the investment banking division of the Eurozone's largest lender.

Driven by an uptick in trading activity, group net income over the three months ended in September grew by 7.8% compared to the year-ago period to 2.87 billion euros, roughly in line with company-compiled forecasts of 2.86 billion.

Sales, meanwhile, increased as expected on a reported basis to 11.9 billion euros. The company said it had also set aside 729 million euros for bad loans, compared to projections

BNP Paribas shares sink as quarterly returns underwhelm investors

Thu, 31 Oct 2024 09:08:46 -0400

Sales, meanwhile, increased as expected on a reported basis to 11.9 billion euros. The company said it had also set aside 729 million euros for bad loans, compared to projections

BNP Paribas shares sink as quarterly returns underwhelm investors

Thu, 31 Oct 2024 09:08:46 -0400

Sales, meanwhile, increased as expected on a reported basis to 11.9 billion euros. The company said it had also set aside 729 million euros for bad loans, compared to projections

BNP Paribas shares sink as quarterly returns underwhelm investors

Thu, 31 Oct 2024 09:08:46 -0400

Sales, meanwhile, increased as expected on a reported basis to 11.9 billion euros. The company said it had also set aside 729 million euros for bad loans, compared to projections