BNP Paribas CEO Jean-Laurent Bonnafé says Deutsche Bank prime brokerage business transition is proceeding very swiftly, with restructuring costs expected to reach €100 million this year.
Tag: prime brokerage
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The stalwart of the industry-leading prime brokerage business at Morgan Stanley will retire after serving over 30 years with the US firm.
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Deutsche Bank’s transition of prime and electronic equities clients to BNP Paribas moves forward after both banks receive approval for the deal.
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Group CEO of Barclays, Jes Staley, says the bank is continuing to see gains in prime brokerage after increasing balances in the third quarter.