Deutsche Bank Agrees to Sell Parts of Equities Business to BNP Paribas

Date : 09/23/2019 @ 7:55AM
Source : Dow Jones News
Stock : Deutsche Bank Aktiengesellschaft (DB)
Quote : 6.64  0.26 (4.08%) @ 11:11PM

Deutsche Bank Agrees to Sell Parts of Equities Business to BNP Paribas

Deutsche Bank Aktiengese... (NYSE:DB)
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   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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