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HSBC to sell German private banking arm to BNP Paribas

Summary by City AM
BNP Paribas has struck a deal to acquire HSBC’s German private banking arm. The French lender is looking to expand in wealth management, and the London-based giant is continuing its pivot to Asian markets. BNP said on Monday that the deal is expected to close in the second quarter of 2025, subject to regulatory approval. It added that the purchase would push the assets under management of BNP’s local wealth management business past the €40bn (£3…

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Sueddeutsche ZeitungSueddeutsche Zeitung

BNP Paribas takes over HSBC’s private banking division in Germany

With the takeover, the French major bank wants to expand its asset management in the largest economy in the euro zone.

·Stuttgart, Germany
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City AMCity AM

HSBC to sell German private banking arm to BNP Paribas

BNP Paribas has struck a deal to acquire HSBC’s German private banking arm. The French lender is looking to expand in wealth management, and the London-based giant is continuing its pivot to Asian markets. BNP said on Monday that the deal is expected to close in the second quarter of 2025, subject to regulatory approval. It added that the purchase would push the assets under management of BNP’s local wealth management business past the €40bn (£3…

·London, United Kingdom
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wiwo.dewiwo.de

Takeover: BNP Paribas buys private banking division of HSBC Germany

BNP Paribas wants to gain ground in the competitive market of wealth management for wealthy clients. To do this, it is taking over the division of HSBC Germany.

·Düsseldorf, Germany
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De TijdDe Tijd

BNP Paribas buys German subsidiary HSBC for private banking

12:50 French banking giant BNP Paribas takes over the British HSBC's private banking branch in Germany. The demand for asset management is rising in the country.

·Belgium
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Business TimesBusiness Times

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).

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Global Banking & Finance ReviewGlobal Banking & Finance Review

BNP Paribas to Acquire HSBC Private Banking Unit in Germany

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, the French lender said on Monday. The deal, which BNP said should be closed in the second quarter of 2025, will push the bank’s assets under management […]

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