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HSBC Holdings plc (NYSE:HSBC) shares are trading higher after the company inked a deal with BNP Paribas (OTC:BNPQY) to sell its private banking activities in Germany. The financial details were not disclosed. HSBC’s Private Banking activities in Germany present a significant opportunity for BNP Paribas, which aims to tap into the strong growth potential in wealth management, particularly with Mittelstand (German SMEs) and German Entrepreneurs and Families. BNP Paribas Wealth Management plans to leverage its integrated business model to provide comprehensive services, including investment and corporate banking and asset management. This deal aims ...


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