Deutsche Bank to sell parts of equities business to BNP Paribas [MarketWatch]
BNP PARIBAS SPONS ADR (BNPQY)
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Source: MarketWatch
Deutsche Bank to sell parts of equities business to BNP Paribas Deutsche Bank AG said Monday that it has reached an agreement with BNP Paribas SA to transfer its prime finance and electronic equities business to the French bank. The German lender DB, -0.99% DBK, -2.00% said that the agreement provides continuity of service to its clients. The bank will transfer technology and key staff to BNP BNP, -1.26% , it said.
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